Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many buyers and many sellers in the dog-grooming service market. JL Groomers experiences normal cost curves, with the marginal cost (MC) curve crossing average variable cost (AVC) at $14 and average total cost (ATC)
at $22. JL Groomers’ long-run supply curve would be the:
a. marginal revenue (MR) curve above $14.
b. marginal revenue (MR) curve above $22.
c. marginal cost (MC) curve above $14.
d. marginal cost (MC) curve above $22.
e. average variable cost (AVC) curve above $14.