The market supply curve for a perfectly competitive

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

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

B. horizontal in the short run

C. the numerical average of all the individual firms' supply curves

D. identical with the supply curve of a perfectly competitive firm

E. likely to become perfectly inelastic as the length of time covered by the curve grows

Reference no: EM13984882

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