Question: question 12 which pricing rule generates the greatest welfare for...
Which pricing rule generates the greatest welfare for society?
A firm’s willingness to supply its product in the long run is represented on a graph by the
|A||marginal revenue (MR) curve.|
|B||part of the marginal cost (MC) curve above minimum average variable cost (AVC).|
|C||market supply curve.|
|D||part of the marginal cost (MC) curve above minimum average total cost (ATC).|
|E||entire marginal cost (MC) curve.|