29. How will a producer strike his equilibrium in a perfect competition market? Explain using a schedule and diagram.
Answers
Answered by
3
Hello !
A producer strikes his equilibrium at that level of output, where profit is maximised. It is only when (a) MR = MC, and (b) MC is rising, these two conditions are satisfied, then a producer will reach the point of his equilibrium and maximising his profit.
Hope It Helps u :)
Answered by
0
Explanation:
I hope it will be helpful to u
Attachments:
Similar questions