A Perfectly Competitive Firm Is Currently Producing an Output Level

Multiple Choice

A perfectly competitive firm is currently producing an output level where price is $10.00,average variable cost is $6.00,average total cost is $10.00,and marginal cost is $8.00.In order to maximize profits,this firm should

A) produce zero output.
B) decrease its output.
C) increase its output.
D) increase the market price.
E) not change its output - this firm is at its profit-maximizing position.