Which of the following is assumed to be the most important motivation for producers?

Question

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Economic theory assumes that the most important motivation for producers is to maximize profits. This involves producing goods and services at the lowest possible cost and selling them at the highest possible price. While minimizing external costs and social costs above private costs may be important considerations for ethical and sustainability reasons, they are not assumed to be the primary motivation for producers in a market economy. Additionally, maximizing social benefits while also maximizing private revenues may not always be compatible goals.

Which of the Following Is Assumed to Be the Most