1.

In the long run, the competitive firm’s supply curve is the ?

A. entire marginal cost curve
B. upward-sloping portion of the average total cost curve
C. portion of the marginal cost curve that lies above the average total cost curve
D. upward-sloping portion of the average variable cost curve
E. portion of the marginal cost curve that lies above the average variable cost curve.
Answer» D. upward-sloping portion of the average variable cost curve


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