In the short run, perfectly (or purely) competitive firms will maximize their profit by producing (select all options that apply):_____.
a. any quantity where marginal revenue > marginal cost.
b. the quantity where marginal revenue = marginal cost.
c. the largest quantity possible, not considering costs or revenues.
d. a small quantity to drive up the price.
e. the quantity where price equals marginal cost.
f. none of the above are correct.
