Multiple Choice
In its simplest form,the long-run market supply curve is a(n)
A) horizontal line at the minimum average total cost (ATC) .
B) horizontal line at the price where accounting profits equal zero.
C) vertical line at the quantity produced by the firm.
D) upward-sloping line equal to the marginal cost curve.
E) upward-sloping line equal to the marginal cost curve only above the minimum average variable cost (AVC) .
Correct Answer:

Verified
Correct Answer:
Verified
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