McqMate
| Q. |
A firm under perfect competition will maximize profits when its |
| A. | total revenue is equal to its total cost |
| B. | marginal revenue is equal to its marginal cost |
| C. | the difference between marginal revenue and marginal cost is the greatest |
| D. | total cost is greater than total revenue |
| Answer» B. marginal revenue is equal to its marginal cost | |
View all MCQs in
Micro economics 2No comments yet