Its SAC curve will stay put if the price of an input that is fixed in the short run increases

Its SAC curve will shift upwards it the price of an input that is variable in the short run increases

Its SAC curve will generally lie above its LAC curve

Its LAC curve will shift upwards if new firms enter its industry and there are external diseconomies of scale

It is a profit-maximizing firm

It is a profit-maximizing firm

It is an economically efficient firm

It has at least one fixed input

Its choice of production method

The expansion path on which it ends up

Its isocost lines

Its production function

The market supply curve represents the individual supply curves of all firms which produce the product added together

The market supply curve may shift if there is a change in the behaviour of some firms which produce the product

The market supply curve may shift if there is change in the price of the product

The market supply curve may shift if there is a change in the number of firms which supply the product

The firm will sell its product at the going market price

The demand curve faced by the firm is downward sloping

The demand curve faced by the firm is horizontal even though the market demand curve is downward sloping

The firm would sell nothing if it set a higher price than the market price