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The Perfectly Competitive Firm's Supply Curve Is Exactly the Same

Question 29

Multiple Choice

The perfectly competitive firm's supply curve is exactly the same as


A) the supply curve of all other firms in the industry.
B) the average variable cost curve, since the firm will not produce if price is less than average variable cost.
C) the firm's marginal cost curve for all prices above the minimum value of average variable cost.
D) its fully allocated costs.
E) the price faced by the firm.

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