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A fiRm's Supply Curve Is Upsloping Because

Question 63

Multiple Choice

A firm's supply curve is upsloping because


A) the expansion of production necessitates the use of qualitatively inferior inputs.
B) mass production economies are associated with larger levels of output.
C) consumers envision a positive relationship between price and quality.
D) beyond some point, the production costs of additional units of output will rise.

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