Total profit of a firm in a perfect competitive market is –

Question:

Total profit of a firm in a perfect competitive market is –

A.

Total revenue less total cost

B.

Marginal revenue less marginal cost

C.

Total revenue less marginal cost

D.

Total revenue less variable cost

Answer» a. Total revenue less total cost

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