The location of the firm's product supply curve depends on:

Question

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The location of the firm's product supply curve is primarily determined by the technology used in the production process. This includes factors such as the efficiency of production, availability of resources, and the cost of inputs. While the number of firms in the industry can also impact supply, it has a smaller effect compared to technology. Market demand and buyer preferences may impact individual firms' sales, but do not directly determine the location of the supply curve.

The Location of the Firm's Product Supply Curve Depends On