“The portion of the marginal cost curve above its intersection with the average variable cost curve is the supply curve for a firm operating in a perfectly comp

“The portion of the marginal cost curve above its intersection with the average variable cost curve is the supply curve for a firm operating in a perfectly competitive market (the portion of the MC curve below its intersection with the AVC curve is not part of the supply curve because a firm would not operate at a price below the shutdown point).” https://en.m.wikipedia.org/wiki/Marginal_cost#Perfectly_competitive_supply_curve https://en.m.wikipedia.org/wiki/Marginal_cost#Perfectly_comp...