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What is producer’* equilibrium?

+3 votes

asked Feb 24, 2019 in Class 12 by kratos

What is producer’* equilibrium?

class-12
revenue

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1 Answer

+3 votes

answered May 24, 2020 by kratos

Best answer

producer equilibrium means the level of output where the firm is maximizing its profit and therefore has no tendency to change its output.

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