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

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.