Suppose a perfectly competitive firm's total cost of production (TC) is TC(q)q, and the firm's marginal cost of production (MC) is MC(q)3q. The firm's short-run supply curve is given by :
A. Pq for prices above $.
B. P3q for prices above $.
C. Pq .
D. P3q for prices above $.
E. Pq for prices above $.
Answers: 3
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Suppose a perfectly competitive firm's total cost of production (TC) is TC(q)q, and the firm's...
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