Firms Try to Minimize Costs and Maximize Profits and in the Process

Multiple Choice

Firms try to minimize costs and maximize profits and in the process produce:

A) the goods and services that buyers want at the highest possible cost.
B) the goods and services that buyers want at the least possible cost.
C) the maximum amount of goods or services that they are capable of producing.
D) economically inefficient amounts of goods or services.
E) only those goods and services which command a very high price in the market.