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Suppose there are 100 identical firms in the market and the luggage industry is perfectly competitive. What does the market s
Question 29 (1 point) The graph below shows the cost curves of a typical firm in the luggage industry. 24 23 22 MC 21 20 19 1
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Answer #1

A perfectly competitive firm's supply curve is usually that portion of its marginal cost curve that lies above the minimum of the average variable cost. Therefore, Option A is correct.

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