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By Costs , Supply And Perfect Competition Economics Mcqs No Comments

For a competitive firm, its short run supply curve is ______ and its long run supply curve is _____?

A. SMC, LMC
B. SMC above SAVC, LMC above LAC
C. SMC below SAVC, LMC above LAC
D. SMC below SAVC, LMC bellow LAC

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