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Homework answers / question archive / The short-run supply curve of a perfectly competitive firm: a

The short-run supply curve of a perfectly competitive firm: a

Economics

The short-run supply curve of a perfectly competitive firm:

a. Intersects the minimum point of both its short-run average variable cost and its short-run average total cost curves,

b. Intersects the minimum point of its short-run average variable cost curve but not its short-run average total cost curve,

c. Intersects the minimum point of its short-run average total cost curve and may or may not intersect the minimum point of its short-run average variable cost curve,

d. Intersects the minimum point of its short-run average total cost curve but not its short-run average variable cost curve.

Option 1

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