Being the high-cost producer is a major goal of most firms.

Name: Being the high-cost producer is a major goal of most firms.
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Question

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Being the high-cost producer means that the firm's production costs are higher than its competitors, which puts it at a competitive disadvantage. Therefore, it is not a major goal of most firms. Instead, most firms strive to be the low-cost producer in order to be competitive and maintain profitability.

Being the High-Cost Producer Is a Major Goal of Most