Answer
B) TR exceeds TC by as much as possible.
Work Step by Step
In order to maximize profit, which is revenue minus cost, you would have to find the output at which there is a maximum profit.
Microeconomics: Principles, Problems, & Policies, 20th Edition
by McConnell, Campbell; Brue, Stanley; Flynn, Sean
Published by
McGraw-Hill Education
ISBN 10:
0077660811
ISBN 13:
978-0-07766-081-9
Chapter 10 - Pure Competition in the Short Run - Review Questions - Page 237: 3
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