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Mr. Dubey • 100.64K Points
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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.
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