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Question Practice

How is the long run supply curve of a firm defined?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
The Theory Of The Firm Under P...
Question Bank

How is the long run supply cur...

Single Answer MCQ
Q-00089516

How is the long run supply curve of a firm defined?

1

It's horizontal until the minimum AVC

2

The rising part of the long run marginal cost curve above minimum AC

3

A straight line reflecting constant returns to scale

4

The segment where average cost is greater than average revenue

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