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Which of the following identifies the reason why producers try …

  • Question 2c of 10 - Profit

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following identifies the reason why producers try to minimize costs and maximize revenue?
  • Answers:
  1. Government regulations
  2. Market research
  3. Product placement
  4. The profit motive Correct! The quest for profit drives producers in a free-market system.

The correct answer is: The profit motive. The quest for profit drives producers in a free- market system.

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