The diagram depicts a firm operating under imperfect competition. It altered its objective from profit maximising to sales revenue maximising. What type of profit was it earning in each situation?
- Aprofit maximising: normal profit; sales revenue maximising: supernormal profit
- Bprofit maximising: subnormal profit; sales revenue maximising: normal profit
- Cprofit maximising: supernormal profit; sales revenue maximising: normal profit
- Dprofit maximising: supernormal profit; sales revenue maximising: supernormal profit