In Traditional Economic Theory, Producers Are Assumed to Be Rational

In traditional economic theory, producers are assumed to be rational, which means that they:

A) attempt to maximize profit with a limited knowledge about input prices.
B) have full knowledge of input prices and attempt to maximize profit in both the short- and the long-run.
C) look to maximize profit, often without regard to input prices or available technologies.
D) behave in unpredictable but observable ways of producing goods and services.