The supply curve of a perfectly competitive firm is identical to its
A.
total cost
B.
marginal cost
C.
fixed cost
D.
variable inputs
Correct Answer: Option B
Explanation
In a perfectly competitive market, the supply curve of a firm is identical to its marginal cost (MC) curve above the average variable cost (AVC). Therefore, the correct answer is: marginal cost
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}