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The supply curve of a perfectly competitive firm is:



A. The segment of the marginal cost curve that lies above the average variable cost curve
B. The segment of the marginal cost curve that lies above the average total cost curve
C. The segment of the marginal cost curve that lies above the average fixed cost curve
D. Nonexistent

This question is part of Microeconomics Test #2
Asked by Wlkg, Last updated: Feb 11, 2020

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1 Answer

John Smith

John Smith

Answered Apr 20, 2017

The segment of the marginal cost curve that lies above the average variable cost curve
 

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