Maximizing profits also means that a firm is attempting to:

A) make as much output as possible.
B) change the market price.
C) produce at the output level where the difference between total revenue and total cost is the greatest.
D) produce below its break-even price.

Maximizing Profits

Striving to achieve the highest possible profit level by adjusting production levels, pricing strategies, or operational efficiencies.

Total Revenue

The sum of all earnings a company acquires from selling goods or offering services over a specific timeframe.

Total Cost

The sum of fixed costs and variable costs incurred by a firm in the production of a good or service.