Supply Curve

mambovipi · February 25, 2020, 1:09am

Quick question: For all of the following is the SR SUPPLY curve always upward sloping? - Perfect competiion - Monopoly - Oligopy - Monopolistic

strangedays · February 25, 2020, 7:21am

yep I think so.

getterdone · February 25, 2020, 7:21am

thats correct

mambovipi · February 25, 2020, 7:21am

Thanks, it makes sense in my head why, I just wanted to make sure I wasn’t missing anything.

Dreary · February 25, 2020, 7:21am

Are guys sure?

sachin123 · February 25, 2020, 7:21am

Yes, SR SUPPLY curve is always upward sloping in all market conditions.

krisC · February 25, 2020, 7:21am

In in conditions of perfect competition, the long run supply curve for external economies of scale is downward sloping. In diseconomies it is upward sloping and constant price it is flat !!!