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In a perfectly competitive market, the marginal cost curve of a firm is the supply curve. And because marginal costs rise, the supply curve slopes upwards. When plotting a supply curve, you measure: Quantity supplied on the vertical axis.
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Price on the horizontal axis. Quantity supplied on the horizontal axis. Quantity demanded on the vertical axis. When each additional worker of a firm produces less additional output than previously added workers, then the marginal cost of additional units of output: The supply curve is (blank).
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