6. Deriving the short-run supply curve Consider the competitive market for halogen lamps. The following graph shows the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves for a typical firm in the industry. 100 00 8 2 BO TO COSTS (Dollars) 40 88 B 2 88 ㅁ MC- ATC 口 AVC 16 20 26 30 35 40 QUANTITY (Thousands of lamps) a 45 50

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