A good marketing manager for a producer knows that the most profitable price and level of output is where
A)the positive difference between the total revenue and total cost curves is the greatest.
B)the firm's profit is the same as that of its competitors.
C)total revenue equals total cost.
D)total profit equals total cost.
E)None of these answers is correct.

Question

Quizplus · Accepted Answer

The price that maximizes profit is the one that results in the greatest difference between total revenue and total cost.

A Good Marketing Manager for a Producer Knows That the Most