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

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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? 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.

 

Paper#21318 | Written in 18-Jul-2015

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