The short-run supply curve of a perfectly competitive firm
A) intersects the minimum point of its short-run average total cost curve but not its short-run average variable cost curve.
B) intersects the minimum point of its short-run average variable cost curve but not its short-run average total cost curve.
C) intersects the minimum point of both its short-run average variable cost and its short-run average total cost curves.
D) intersects the minimum point of its short-run average total cost curve and may or may not intersect the minimum point of its short-run average variable cost curve.
Correct Answer:
Verified
Q148: Figure 10-5 Q149: Figure 10-5 Q150: A firm in a perfectly competitive industry Q151: When a firm leaves a perfectly competitive Q152: If a firm shuts down, its Q154: The short-run supply curve of the perfectly Q155: Which of the following is a characteristic Q156: The long run for the industry is Q157: For a perfectly competitive firm, the short-run Q158: The short-run supply curve of the perfectly
![]()
![]()
A)is
A)fixed costs
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents