It should be noted that competitive firm's long-run supply curve is the part of marginal cost curve that lies above average.
What is long-run supply?
The long-run supply can be regarded as the supply of goods available in case whereby the inputs are variable.
The long-run supply curve can be referred to as been elastic than the short-run supply curve.
Learn more about long-run supply at;https://brainly.com/question/6275304
