Explore BrainMass
Share

Explore BrainMass

    Selecting the suitable option

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The short-run industry supply curve for a perfectly competitive industry is the ?

    a) horizontal sum of the individual firms'marginal cost curves above AVC.
    b) vertical sum of the individual firms'marginal cost curves above AVC.
    c) horizontal sum of the individual firms'marginal cost curves above ATC.
    d) vertical sum of the individual firms'marginal cost curves above ATC.

    © BrainMass Inc. brainmass.com October 10, 2019, 4:33 am ad1c9bdddf
    https://brainmass.com/economics/microeconomics/selecting-the-suitable-option-466427

    Solution Preview

    In a perfectly competitive market, firm's short-run supply curve is the ...

    Solution Summary

    Solution chooses the correct option.

    $2.19