Short run supply curve of a firm is dete

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Non Competitive markets

Question:

Short run supply curve of a firm is determined by its ______________.

Options:

Average revenue curve

Marginal cost curve

Total cost curve

Average cost curve

Correct Answer:

Marginal cost curve

Explanation:

Short run supply curve is determined by the marginal cost curve.