In perfect competition, the firm's _____ above AVC has the identical shape of the firm's supply curve Options: A . &nbspMarginal revenue curve B . &nbspMarginal cost curve C . &nbspAverage cost curve D . &nbspNone of the above

In perfect competition, the firm's _____ above AVC has the identical shape of th

Question

In perfect competition, the firm's _____ above AVC has the identical shape of the firm's supply curve

Options:

A . Marginal revenue curve

B . Marginal cost curve

C . Average cost curve

D . None of the above

Answer: Option B

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Question 1. Suppose the total cost of producing commodity X is Rs.125000. Out of this cost, implicit cost is Rs.35000 and normal pro....Rs.25000. What will be the explicit cost of commodity X?

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Question 7. The exception to law of demand is....

Question 8. The upper portion of the kinked demand curve is relatively....

Question 9. Price discrimination is not possible in case of....

Question 10. If the income elasticity is greater than one, the commodity is....

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