A firm’s supply curve in the short run is the rising part of the SMC – InterviewSolution

1.	A firm’s supply curve in the short run is the rising part of the SMC curve. Why?
Answer» A firm under perfect competition in the short run will start supplying only if the price is equal to or greater than the short run average variable cost. Therefore, the rising part of the short run marginal cost which begins with the minimum SAVC is the supply curve of the firm in the short run

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