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Explain the conditions of producer equilibrium …

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Explain the conditions of producer equilibrium in terms of marginal revenue and marginal cost
  • 3 answers

Shreya Sharma 7 years, 8 months ago

In case of mr-mc approach two situations must be satisfied..

1. MR should be equal to MC

2 MC should cut MR from below

Jasmeet Singh 7 years, 8 months ago

according to Mr MC approach two condition are satisfy Mr :MC and mc is rising

Vinay Garg 5 years, 9 months ago

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