Which one of the following does economic theory suggest?
A)Set a price that allows profit maximization
B)Set a price that allows the minimum number of units to be sold at the highest unit price
C)Set a price that will maximize revenues
D)Set a price that will maximize market share

Question

Quizplus · Accepted Answer

Economic theory suggests setting a price that allows for profit maximization, which involves balancing costs and revenues to achieve the highest possible profit.

Which One of the Following Does Economic Theory Suggest