Question: When will the short - run market supply ( SS ) curve not exist? The short - run market supply ( SS ) curve will
When will the shortrun market supply SS curve not exist?
The shortrun market supply SS curve will not exist when the price of the product falls below the lowest minimum marginal cost of all of the firms.
The shortrun market supply SS curve will not exist when an increase in demand pushes the price up
The shortrun market supply SS curve will not exist when all of the firms producing a given product are price takers.
The shortrun market supply SS curve will not exist when the price is higher than the average variable cost of each firm.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
