For a firm to maximize its profitability, it is necessary that it: A.

QUESTION

For a firm to maximize its profitability, it is necessary that it:

A. creates products similar to the products of its competitors.

B. does not configure its internal operations to reduce costs.

C. minimizes the value of the consumer surplus.

D. picks a position on the efficiency frontier that is viable.

E. strips all the value out of its product offering.

ANSWER

D