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Why Marginal Cost (MC) curve is Supply Curve in a Perfectly Competitive market? What portion of the MC curve is the supply curve?

This question was answered on Apr 27, 2010. View the Answer
Why Marginal Cost (MC) curve is Supply Curve in a Perfectly Competitive market? What portion of the MC curve is the supply curve? Defend your answer.

Please show all workings and explain as much as you can in order for me to gain a clearer understanding of the question, I am a little confused on the subject matter, thanks.
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Dear student,... View the full answer

CH260410_485643_ECO.doc

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Why Marginal Cost (MC) curve is Supply Curve in a Perfectly Competitive...

This question was asked on Apr 26, 2010 and answered on Apr 27, 2010.

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