The main focus of efficiency is for
A) firms to charge high prices for their goods.
B) firms to earn the largest profits.
C) consumers to get the goods and services they want at the lowest possible cost.
D) consumers to pay high prices.

Question

Quizplus · Accepted Answer

The main goal of efficiency is to ensure that consumers can access goods and services at the lowest possible cost, rather than maximizing profits or charging high prices. This typically involves streamlining production processes and minimizing waste to reduce costs, which can ultimately benefit both firms and consumers.

The Main Focus of Efficiency Is for