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  3. Study Set
    Principles of Microeconomics
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    Exam 11: Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition
  5. Question
    If We Sum All the Firms' MC Curves Above Their
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If We Sum All the Firms' MC Curves Above Their

Question 103

Question 103

Multiple Choice

If we sum all the firms' MC curves above their ATC curves, we would derive the perfectly competitive


A) long run cost curve
B) short run cost curve
C) horizontal cost curves
D) short-run market supply curve
E) long-run market supply curve

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