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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Caiden Doyle

Business

23 December, 06:52

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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Adyson Proctor · 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.