The long-run market supply curve in a competitive market, Business Economics

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The long-run market supply curve in a competitive market

The long-run market supply curve in a competitive market will

A. be the portion of the MC that lies above the minimum of AVC for the marginal firm.

B. typically be more elastic than the short-run supply curve.

C. always be horizontal.

D. be above the competitive firm's efficient scale

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Business Economics: The long-run market supply curve in a competitive market

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Business Economics: The long-run market supply curve in a competitive market

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