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Price, cost ATC AVC Quantity Based on the graph the supply curve for the perfectly competitive firm depicted is most accurate


Price, cost Quantity Based on the graph above a perfectly competitive firm would never continue operations in short run if th
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Answer #1

1. Option 2. CE

Explanation: The supply curve for a perfectly competitive firm is the segment of its MC curve above the minimum average variable cost.

2. Option 3. AC

Explanation: A perfectly competitive firm stops operations if the price drops below the miniumum average variable cost.

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