A perfectly competitive firm's marginal cost curve above the minimum of the average variable cost curve is its

Question

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The short-run supply curve of a perfectly competitive firm is its marginal cost curve above the minimum of its average variable cost curve. This is because when the price is above the minimum of the average variable cost, the firm can cover all of its variable costs and make a profit by producing additional units at the marginal cost. Therefore, the firm will supply any quantity that can be produced profitably at the given market price, which is reflected by its marginal cost curve above the minimum of its average variable cost curve.

A Perfectly Competitive Firm's Marginal Cost Curve Above the Minimum