The rising part of a perfectly competitive firm's ________ cost curve is the firm's short run ________ curve.
A) average total; supply
B) average variable; demand
C) average fixed; demand
D) marginal; supply

Question

Quizplus · Accepted Answer

In a perfectly competitive market, the firm's short-run supply curve is the portion of its marginal cost curve that lies above the average variable cost curve.

The Rising Part of a Perfectly Competitive Firm's ________ Cost