The long run supply curve of a firm is the rising part of the____ curve from and above minimum LRAC together with 0 output for all prices less than the minimum ____.
Answer & explanation
Correct answer: option 1
The correct answer is Option 1: LRMC , LRAC
The long run supply curve of a firm is the rising part of the LRMC curve from and above minimum LRAC together with 0 output for all prices less than the minimum LRAC.