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Q: In a free market system producers are motivated to reduce costs and increase revenues because why?
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In a free-market system producers are motivated to reduce costs and increase revenues because of what?

The profit motive.


In a free market system producers are motivated to reduce cost and increase revenues because of?

The profit motive.


In a free-market system producers are motivated to reduce costs and increase revenues because of?

The profit motive.


In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?

Profit Motive


What would happen if there were no producers?

The thing that gets eaten by the producer will just increase because no one eats them


How can friends family members or teammates increase the likelihood of you reaching your goals?

Friends, family members, or teammates can increase the likelihood of you reaching your goals because they can keep you motivated.


If mushrooms were producers how would your results in question 3 have been different?

if the they producers then my result will be the different because if mushroom increase then my experiment say decrease then it will be different


Do producers tend to favor price floors or price ceilings?

price floors because, when binding, price floors increase price above the equilibrium and may increase producer surplus.


What is the factor that supply curve to shift right?

A increase in supply will be because of an: Increase in technology, change in production climates (positive change), cost of production decrease or increase in number of producers,changes in the prices of other goods and services, subsides.


Why would a firm raise the price of a product after a producer determines that the demand for one of its products is inelastic?

The firm would raise the price because the firm's total revenues would probably increase.


What motivated you most?

Most people are motivated by money. Others are motivated because they love their job and get a sense of fulfillment.


Are harp seal producers?

harp seals are not producers because they don't produce things like the plant they are producers because the produce things.