Q. Total profit of a firm in a perfect competitive market is – (Solved)
1. Total revenue less total cost
2. Marginal revenue less marginal cost
3. Total revenue less marginal cost
4. Total revenue less variable cost
- a. Total revenue less total cost
1. Total revenue less total cost
2. Marginal revenue less marginal cost
3. Total revenue less marginal cost
4. Total revenue less variable cost