The short run supply curve of a perfectly competitive market is the locus of all such points that show the combinations of different quantity quoted at a price at which the firm is willing to supply output in the market.
In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by several idealising conditions, collectively called perfect competition, or atomistic competition. A perfect market, also known as an atomistic market, is defined by various idealising conditions, which are together referred to as perfect competition, or atomistic competition, in economics, specifically general equilibrium theory.
A market structure where all suppliers are equal and overall supply and demand are in equilibrium is referred to as perfect competition in economics. Perfect competition exists, for instance, when multiple companies are producing a commodity and no one company has a competitive edge over the others.
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