Supply Curve

mambovipi · May 30, 2008, 2:45pm

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

strangedays · May 30, 2008, 2:46pm

yep I think so.

getterdone · May 30, 2008, 2:47pm

thats correct

mambovipi · May 30, 2008, 2:47pm

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

Dreary · May 30, 2008, 3:02pm

Are guys sure?

sachin123 · May 30, 2008, 3:11pm

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

krisC · May 30, 2008, 3:45pm

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 !!!