Profit maximization for a perfectly competitive firm is at the quantity where

by
Question:

Profit maximization for a perfectly competitive firm is at the quantity where

A.

price equals marginal revenue

B.

the difference between price and marginal cost is the greatest

C.

price equals marginal cost

D.

marginal cost is at a minimum

Answer» c. price equals marginal cost

Note: The above multiple-choice question is for all general and Competitive Exams in India.