To maximize profit in the long run, a firm must
A)charge the highest price possible
B)produce where demand is unit elastic
C)sell the most output possible
D)minimize the cost of producing any given amount of output
E)produce at minimum long-run total cost

Question

Quizplus · Accepted Answer

The Answer of To maximize profit in the long run, a firm must
A)charge the highest price possible
B)produce where demand is unit elastic
C)sell the most output possible
D)minimize the cost of producing any given amount of output
E)produce at minimum long-run total cost

To Maximize Profit in the Long Run, a Firm Must