What ismean by producer equilibrium ? …
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Posted by Vanshika Singh 5 years, 11 months ago
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Yogita Ingle 5 years, 11 months ago
Producer equilibrium refers to the state where a producer is earning maximum possible profit by producing a particular level of output. This state is referred to as 'equilibrium' because a producer has no incentive to move away from this point, as such deviation will reduce his/her profit.
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