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Economics

The market supply curve for a perfectly competitive, constant cost industry is

A. Horizontal in the short run

B. Likely to become perfectly inelastic as the length of time covered by the curve grows

C. The horizontal summation of the marginal cost curves for all firms above the minimum average variable cost

D. The numerical average of all the individuals firms' supply curves

E. Identical with the supply curve of a perfectly competitive firm

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91236108

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