The diagram displays the cost and revenue curves for a firm. The firm could aim to maximise either profit or revenue. Which price and quantity combination is correct for each case?
- Amaximise profit: Q1P1; maximise revenue: Q3P3
- Bmaximise profit: Q1P1; maximise revenue: P4Q4
- Cmaximise profit: Q2P2; maximise revenue: Q3P3
- Dmaximise profit: Q2P2; maximise revenue: Q4P4