M

Mr. Dubey • 52.30K Points
Coach 

Q. A competitive firm will maximise profits at the output where

(A) the difference between price and marginal cost is highest
(B) the difference between marginal revenue and price is highest
(C) price is higher than the average total cost by the largest possible amount
(D) the excess of total revenue over the total cost is greatest.
Correct : Option (D)

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