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4 August, 00:39

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

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  1. 4 August, 02:00
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    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 f orce behind the decisions made by producers in a free-market society.
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