45.
In the short run, the supply curve of a competitive firm is –
A:
The rising portion of the Marginal Cost Curve lying above the minimum point of the Average Variable Cost Curve
B:
The falling portion of the Marginal Cost Curve lying before the minimum point of the Average Variable Cost Curve
C:
The rising portion of the Marginal Cost Curve after the highest point of Total Cost Curve
D:
None of the above
The answer is:
A