Which of the Following Statements Is True for Any Profit-Maximizing

Multiple Choice

Which of the following statements is true for any profit-maximizing firm?

A) The firm will produce at the level of output where price equals marginal revenue.
B) The firm will produce at the level of output where price equals marginal cost.
C) The firm will produce at the level of output where marginal revenue equals marginal cost.
D) The firm will produce at the level of output where marginal revenue is maximized.
E) The firm will produce at the level of output where marginal cost is minimized.