The market supply curve for a perfectly competitive


The market supply curve for a perfectly competitive, constant cost industry is

A. Horizontal in the short run

B. Likely to become perfectly inelastic as the length of time covered by the curve grows

C. The horizontal summation of the marginal cost curves for all firms above the minimum average variable cost

D. The numerical average of all the individuals firms' supply curves

E. Identical with the supply curve of a perfectly competitive firm

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: The market supply curve for a perfectly competitive
Reference No:- TGS0949958

Expected delivery within 24 Hours