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    Exam 12: Perfect Competition
  5. Question
    The Short-Run Market Supply Curve Is
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The Short-Run Market Supply Curve Is

Question 115

Question 115

Multiple Choice

The short-run market supply curve is


A) the sum of the quantities supplied by all the firms.
B) undefined because the number of firms is constant in the short run.
C) vertical at the total level of output being produced by all firms.
D) horizontal at the current market price.

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