A Perfectly Competitive Firm Maximizes Its Profit by Producing at the Point

question 263

Multiple Choice

A perfectly competitive firm maximizes its profit by producing at the point where

• A) total revenue equals total cost.
• B) marginal revenue is equal to marginal cost.
• C) total revenue is equal to marginal revenue.
• D) total cost is at its minimum.
• E) total revenue is at its maximum.