Answered

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In the short run, the competitive firm's supply curve is the:

a) entire marginal cost curve
b) portion of the marginal cost curve that lies above the average total cost curve
c) portion of the marginal cost curve that lies above the average variable cost curve
d) upward-sloping portion of the average total cost curve
e) upward-sloping portion of the average variable cost curve

Sagot :

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