Concept
Version 8
Created by Boundless
Short Run Firm Production Decision
Short run supply curve
This graph shows a short run supply curve in a perfect competitive market. The short run supply curve is the marginal cost curve at and above the shutdown point. The portions of the marginal cost curve below the shutdown point are not part of the supply curve because the firm is not producing in that range.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Perfect competition in the short run (simple)."
http://commons.wikimedia.org/wiki/File:Perfect_competition_in_the_short_run_(simple).svg
Wikimedia
CC BY-SA.