According to the textbook,which of the following must a firm in a market economy do today to succeed?

Question

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To succeed in a market economy, a firm must produce new or better goods or services to stay competitive and maintain market share. The firm must also efficiently organize production to keep costs low and maximize profits. Finally, to stay competitive, a firm must produce existing goods and services at a lower cost than its competitors. Therefore, all of these options (A, B, and C) are necessary for a firm to succeed in a market economy.

According to the Textbook,which of the Following Must a Firm