The Theory Of The Firm Under Perfect Competition

Quickly browse through questions and notes on related topics. You can also download and read this topic offline.

Zigya App

Market Supply Curve

The market supply curve shows the output levels that firms in the market produce in aggregate corresponding to different values of the market price. It is obtained by taking a horizontal summation of the supply curves of the two firms. If the number of firms in the market increases (decreases), the market supply curve shifts to the right (left).