The market supply curve shows the
A) amount of producer surplus suppliers receive.
B) maximum price suppliers must receive in order to produce another unit of the good.
C) minimum price suppliers must receive in order to produce another unit of the good.
D) profit that suppliers receive from producing another unit of the good.

Question

Quizplus · Accepted Answer

The market supply curve represents the minimum price suppliers must receive to produce another unit of the good. It reflects the lowest price at which producers are willing to supply an additional unit, essentially covering the cost of production for that unit.

The Market Supply Curve Shows the