MCQOPTIONS
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| 1. |
In the short run, the competitive firm’s supply curve is the portion of the marginal cost curve that lies above the average variable cost curve? |
| A. | Upward-sloping portion of the average total cost curve |
| B. | upward-sloping portion of the average variable cost curve |
| C. | portion of the marginal cost curve that lies above the average total cost curve. |
| D. | entire marginal cost curve. |
| E. | portion of the marginal-cost curve that lies above the average variable cost curve |
| Answer» F. | |