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Economics
MEDIUM
ENGLISH
Economics
For a competitive firm, its short run supply curve is ______ and its long run supply curve is _____?
A
SMC, LMC
Option A
SMC above SAVC, LMC above LAC
Correct answer
C
SMC below SAVC, LMC above LAC
Option C
D
SMC below SAVC, LMC bellow LAC
Option D
Correct answer: B
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