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

question 84

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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Definitions:

Emotion

A complex psychological state that involves a subjective experience, a physiological response, and a behavioral or expressive response.

Bodily Changes

Physiological or physical alterations in the body that can occur due to various factors including emotion, health conditions, or environmental influences.

Thalamus

A structure in the brain that relays sensory and motor signals to the cerebral cortex, playing a key role in consciousness and sleep.

Amygdala

A part of the brain involved in processing emotions, fear, and pleasure responses.