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13 March, 07:13

For a perfectly competitive firm that does not shut down, the supply curve is a. the portion of the marginal cost curve at or above its average variable cost curve. b. the portion of the marginal revenue curve above its marginal cost curve. c. the portion of the marginal cost curve above its average cost curve. d. equal to its average variable cost curve. e. the same as the demand curve that the firm faces.

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  1. 13 March, 10:58
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    Option "C" is correct.

    Explanation:

    This occurs when the portion of the marginal cost curve is above its average cost curve.
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