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Question Practice

What is the primary characteristic of a firm's supply curve in perfect competition?

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

What is the primary characteri...

Single Answer MCQ
Q-00089536

What is the primary characteristic of a firm's supply curve in perfect competition?

1

It is perfectly elastic

2

It is a vertical line

3

It slopes downward to the right

4

It reflects only fixed costs

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Q4.

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