For a competitive firm, its short run supply curve is ______ and its l – McqOptions

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1.	For a competitive firm, its short run supply curve is ______ and its long run supply curve is _____?
A.	SMC, LMC
B.	SMC above SAVC, LMC above LAC
C.	SMC below SAVC, LMC above LAC
D.	SMC below SAVC, LMC bellow LAC
Answer» C. SMC below SAVC, LMC above LAC

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