S Shiva Ram π Master β 30.44K Points Q. In perfect competition, a firm earns profit when __________ exceeds the _____________? (A) Total revenue, total fixed cost (B) Marginal cost, marginal revenue (C) Average revenue, average cost (D) Total cost, total revenue ποΈ Show Answer π¬ Discuss π Share β Correct Answer: (C) Average revenue, average cost