1.At the profit-maximizing level of output, what is relationship between the total revenue (TR) and total cost (TC) curves?
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1.      At the profit-maximizing level of output, what is relationship between

the total revenue (TR) and total cost (TC) curves?

A) They must have the same slope.

B) They must intersect, with TC cutting TR from above.

C) They must be tangent to each other.

D) They cannot be tangent to each other.

E) They must intersect, with TC cutting TR from below. 

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