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3 years ago

In a perfectly competitive industry, the short-run supply curve for the market is the:

Business

1 answer:

DENIUS [597]3 years ago

3 0

Answer:

b. marginal cost curve above the average variable cost curve.

Explanation:

A perfect competitive indsutry is a characterised by many firms selling homogenous goods and services. Firms are price takers and there are no barriers to entry or exit of firms in the industry.

The supply curve of a perfectly competitive firm in the short run is the part of the marginal cost curve that lies above the average variable cost curve.

A perfect competition maximises profit where price equals marginal cost.

I hope my answer helps you

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andreyandreev [35.5K]

Answer:

These are correct:

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3 years ago

Evan is single and has AGI of $277,300 in 2020. His potential itemized deductions before any limitations for the year total $52,

tatiyna

Answer:

$24,402.50

Explanation:

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Charitable contributions are also deductible = $2,500

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Answer:

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