The Short-Run Supply Curve of the Perfectly Competitive Firm

Multiple Choice

The short-run supply curve of the perfectly competitive firm:

A) is that portion of its marginal cost curve SMC) which lies above AVC.
B) is that portion of its marginal cost curve SMC) which lies between AVC and SAC
C) is that portion of its marginal cost curve SMC) which lies below AVC.
D) is that portion of its marginal cost curve SMC) which lies above the intersection of MR and SMC.
E) is that portion of its marginal cost curve SMC) which lies between AVC and the intersection of MR and SMC.