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Under perfect competition, the short-run supply curve of a firm is determined by its

Economics
JAMB 2005
Under perfect competition, the short-run supply curve of a firm is determined by its
  • A. total cost curve
  • B. marginal cost curve
  • C. average fixed cost curve
  • D. average cost curve
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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