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4 votes
Which identifies the reason why producers try to minimize costs and maximize revenue?

2 Answers

3 votes

the answer is profit motive

answered
User Smoov
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1 vote
The profit motive identifies the reason why producers are trying to maximize the revenue and minimize the cost. The profit motive pushes the producers to minimize the revenue and maximize its cost. The profit motive is also the main force behind the decisions made by producers in a free-market society.
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User Jeremy McNees
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8.5k points
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