The selling price that maximizes revenues is the price that will also maximize profit.

Name: The selling price that maximizes revenues is the price that will also maximize profit.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Maximizing revenue focuses solely on generating the highest sales amount, while maximizing profit considers both revenue and costs. A price that maximizes revenue does not necessarily account for the costs associated with producing and selling the product, and thus may not maximize profit.

The Selling Price That Maximizes Revenues Is the Price That