UGC NET
Ayushi Asked a Question
August 13, 2020 12:48 pmpts 30 pts
  • UGC NET
  • Economics

Supply curve of the short run competitive fim is the same as 78. (1) short run marginal cost (smc) curve (2) average variable cost (avc) curve (3) smc curve abo

Supply curve of the short run competitive fim is the same as 78. (1) Short run Marginal Cost (SMC) curve (2) Average Variable Cost (AVC) curve (3) SMC curve above AVC curve (4) SMC curve above Short run Average Cost (SAC) curve
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  • Nidhi taparia Best Answer
    The correct answer is (3). In the short run, MC above AVC depicts the supply curve of the firm. This is because at the quantity where AVC is at its lowest, depicts shut down point...
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