The correct answer would be option D, All of the above are correct.
Firms are organizations that produce goods and services
Firms seek to maximize profits
Firms seek to utilize factors of production in the most efficient way in order to maximize the profits
Explanation:
A firm is basically a commercial enterprise. A firm is a company, or an organization which produces goods or provides services to the people who use their products or services in exchange of money. The firm seek to maximize the profits. Firms sell the products and services and try to generate as much profit as they can by efficiently utilizing the factors of production of the firm.
All resources like, finance, employees, technology, etc are efficiently utilized by the firms to maximize their profits. Firms produce products and services and sell them to the customers and in return get the money, which in turn will be their profits after all the cost deductions.
Learn more about some concepts regarding Firms at:
https://brainly.com/question/8689136
#LearnWithBrainly
