What does a market supply curve reflect?
A)External costs of producing a good or service
B)External benefits of producing a good or service
C)Social costs of producing a good or service
D)Private costs of producing a good or service

Question

Quizplus · Accepted Answer

A market supply curve reflects the private costs of producing a good or service, which includes the costs incurred by producers in producing and bringing the product to the market. It does not reflect external costs and benefits or social costs.

What Does a Market Supply Curve Reflect