CFA Practice Question

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CFA Practice Question

The market supply curve is equal to the ______.

A. horizontal sum of all the firms' marginal cost curves
B. vertical sum of all the firms' average total cost curves
C. horizontal sum of all the firms' average total cost curves
Correct Answer: A

The marginal cost curves of firms are their supply curves.

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User Comment
khalifa92 like how obviously mentioned in the LOS right?
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