If the market price falls below a perfectly competitive firm's minimum average variable cost, which of the following is the firm's supply curve in the short run?

Question

Accepted Answer

A vertical curve at zero output.

Answer

The same curve as its marginal cost curve.

Answer

The same curve as its average variable cost curve.

Answer

The same curve as its total variable cost curve.

Answer

A horizontal curve at the market price.

Crowdly

If the market price falls below a perfectly competitive firm's minimum average v...

Want instant access to all verified answers on moodle.uleth.ca?