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Individual Supply Curve in the Short Run and Long Run
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Problem 10
Individual Supply Curve in the Short Run and Long Run
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11. Perfect Competition / Individual Supply Curve in the Short Run and Long Run / Problem 6
Problem 6
Why is the short run supply curve not the entire marginal cost curve?
A
Because it only includes the portion above the average variable cost.
B
Because it only includes the portion below the average variable cost.
C
Because it only includes the portion below the average total cost.
D
Because it only includes the portion above the average fixed cost.
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