33. This firm's supply curve is (a) the average cost curve above the marginal cost. (b) the marginal cost curve above average variable cost. (c) the marginal cost curve above the average cost. (d) indeterminate. O(e) perfectly elastic.

33. This firm's supply curve is (a) the average cost curve above the marginal cost. (b) the marginal cost curve above average variable cost. (c) the marginal cost curve above the average cost. (d) indeterminate. O(e) perfectly elastic.

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter11: Price-searcher Markets With High Entry Barriers

Section: Chapter Questions

Problem 14CQ

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