10.3.2 I picked 'total revenue is maximized' end this was noted as incorrect. What is the correct answer here?

raded In the short run, what is the profit maximizing condition for firms in perfectly competitive markets? Marginal productivity of labor equals the marginal productivity of capital Total revenue is maximized Average cost equals marginal cost Total costs are minimized None of the above X Submit Save You have used 1 of 2 attempts