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Basic Question 4 of 10
The market supply curve is equal to the ______.
B. vertical sum of all the firms' average total cost curves
C. horizontal sum of all the firms' average total cost curves
A. horizontal sum of all the firms' marginal cost curves
B. vertical sum of all the firms' average total cost curves
C. horizontal sum of all the firms' average total cost curves
User Contributed Comments 1
| User | Comment |
|---|---|
| khalifa92 | like how obviously mentioned in the LOS right? |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
CFA® 2024 Level I Curriculum, Volume 1, Module 1.