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pirex pirex
wrote...
Posts: 634
6 years ago
A competitive firm's supply curve is identical to its marginal cost curve.
True or False? Provide an explanation.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home

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Replies
wrote...
6 years ago
False. The statement is only partly correct. The supply curve is only that portion that lies above AVC.
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