In a competitive price taker market, a firm's short-run supply curve is its
A) average total cost curve above its average variable cost curve.
B) marginal cost curve above its average variable cost curve.
C) marginal cost curve above its average fixed cost curve.
D) entire marginal cost curve.

Question

Quizplus · Accepted Answer

The Answer of In a competitive price taker market, a firm's short-run supply curve is its
A) average total cost curve above its average variable cost curve.
B) marginal cost curve above its average variable cost curve.
C) marginal cost curve above its average fixed cost curve.
D) entire marginal cost curve.

In a Competitive Price Taker Market, a Firm's Short-Run Supply