The supply curve of a producer, whose costs vary continuosly with ...

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The supply curve of a producer, whose costs vary continuosly with output will be:
 a. a straight line vertical to the output axis.
  b. a straight line horizontal to the output axis.
  c. the positively sloped portion of the marginal cost curve.
  d. the negatively sloped portion of the marginal cost curve.

Question 2

In general, the two extreme cases of market structure models are represented by:
 a. monopolistic competition and oligopoly.
  b. oligopoly and monopoly.
  c. oligopoly and perfect competition.
  d. perfect competition and monopoly.
  e. perfect monopoly and oligopolistic competition.

[anoriega3]

Answer to Question 1

C

Answer to Question 2

d