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The Supply Curve of the Industry Under Perfect Competition

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Economics Revision Guide

Abstract

The supply curve of the industry is the sum of the supply curves of the firms comprising the industry ‐ in this case the group of firms producing an identical good. The industry supply schedule usually shows more being supplied the higher the price. The reason differs for the short and long periods.

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© 1994 Jack Harvey

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Harvey, J. (1994). The Supply Curve of the Industry Under Perfect Competition. In: Economics Revision Guide. Palgrave, London. https://doi.org/10.1007/978-1-349-13313-0_12

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