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NatalieLove

  • 3 years ago

Firms are motivated to minimize production costs because: it is the most environmentally friendly way to produce goods. least-cost production techniques use the smallest total quantity of resources. competitive pressures in the market will drive out higher-cost producers. the government provides tax credits and subsidies to low-cost producers.

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  1. shivamamity
    • 3 years ago
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    competitive pressures in the market will drive out higher-cost producers. This option is right.

  2. NatalieLove
    • 3 years ago
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    I read the chapter and notes a couple of times but could not find it. Thank You

  3. shivamamity
    • 3 years ago
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    YOUR MOST WELCOME........

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