CFA Practice Question

There are 539 practice questions for this study session.

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.

User Contributed Comments 1

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