The Figure Given Below Shows the Revenue and Cost Curves

Multiple Choice

The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.1

-In the short run, if the marginal cost exceeds the marginal revenue, a perfectly competitive firm should:

A) raise the level of output to maximize profit.
B) keep the level of output constant.
C) raise the level of output to minimize loss.
D) reduce the level of output to minimize loss.
E) shut down.