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Question Practice

If two firms have different cost structures, how is the market supply curve constructed?

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

If two firms have different co...

Single Answer MCQ
Q-00089559

If two firms have different cost structures, how is the market supply curve constructed?

1

By adding their average costs

2

By taking the average of their outputs

3

By horizontally summing their individual supply curves

4

By ranking their prices

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