A Purely Competitive Seller Should Produce (Rather Than Shut Down)in

question 125

Multiple Choice

A purely competitive seller should produce (rather than shut down) in the short run

• A)only if total revenue exceeds total cost.
• B)only if total cost exceeds total revenue.
• C)if total revenue exceeds total cost or if total cost exceeds total revenue by some amount less than total fixed cost.
• D)if total cost exceeds total revenue by some amount greater than total fixed cost.

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