diagram above. Based on the information illustrated in this graph, which of the following is an accurate statement? Question 37 options: a) because this is a perfectly competitive firm, the profit maximizing rule is not P = MR b) production should keep expanding because MR is always less than MC c) profits will be reduced by production in the zone where MC exceeds MR d) because this is a perfectly competitive firm, the profit maximizing rule is not P = MC