A Firm Trying to Maximize Its Profits in the Long

Multiple Choice

A firm trying to maximize its profits in the long run should

A) charge the lowest price possible given the minimum possible cost.
B) select the most technically efficient method of production regardless of the level of production.
C) maximize the marginal product of all factors of production.
D) charge the highest price.
E) minimize the cost of producing the level of production it chooses.