A business manages to become more efficient. As a result of this improved efficiency, it will

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Quizplus · Accepted Answer

Improved efficiency allows a business to produce more output with the same amount of resources or the same output with fewer resources. This leads to a decrease in production costs and an increase in profitability, which can be reflected by the business shifting its supply curve to the right, indicating that it is willing and able to supply more at any given price.

A Business Manages to Become More Efficient