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Author Question: The short-run industry supply curve for a perfectly competitive industry is the (Read 121 times)

craiczarry

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  • Posts: 527
on: Apr 19, 2019

Question 1

A perfectly competitive firm will be operating at its shutdown point if it operates


◦ where 
P = 
MC.
◦ at the minimum point on its average variable cost curve.
◦ at the minimum point on its average total cost curve.
◦ at the minimum point on its marginal cost curve.

Question 2

The short-run industry supply curve for a perfectly competitive industry is the


◦ horizontal sum of the individual firms' marginal cost curves above 
AVC.
◦ vertical sum of the individual firms' marginal cost curves above 
AVC.
◦ horizontal sum of the individual firms' marginal cost curves above 
ATC.
◦ vertical sum of the individual firms' marginal cost curves above 
ATC.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by craiczarry on Apr 19, 2019

heyhey123

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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craiczarry

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

milbourne11

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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