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Under perfect competition, the short-run market supply curve is most accurately described by which of the following statements? The market short-run supply curve is the: A. sum of the quantities at each price along the average total cost curve for all firms in a given industry. B. sum of the quantities at each price along the marginal cost curves for all firms in a given industry. C. average of the quantities at each price along the marginal cost curve for all firms in a given industry. |