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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Business

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18 June, 14:57

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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Ann Brady · Answer 1

The right answer for the question that is being asked and shown above is that: "the government provides tax credits and subsidies to low-cost producers." Firms are motivated to minimize production costs because the government provides tax credits and subsidies to low-cost producers.