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Dymondmonae Dymondmonae
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5 years ago
A perfectly competitive industry's short-run supply curve is best described as

• the upward sloping portion of the industry's marginal cost curve.

• the horizontal summation of the individual firms' supply curves.

• perfectly inelastic.

• horizontal.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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Kailz1218Kailz1218
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5 years ago
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