The short-run supply curve of the perfectly competitive firm is given by

Question:

The short-run supply curve of the perfectly competitive firm is given by

A.

the rising portion of its MC curve over and above the shut-down point

B.

the rising portion of its MC curve over and above the break-even point

C.

the rising portion of its MC curve over and above the AC curve

D.

the rising portion of its MC curve.

Answer» a. the rising portion of its MC curve over and above the shut-down point

Note: The above multiple-choice question is for all general and Competitive Exams in India