Economy, asked by balwinder4095, 11 months ago

explain what happens to the profit if output level is beyond the equilibrium level
long answer

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Answered by uttamraj4345

1

Answer:

No, as sufficient condition of producer equilibrium is Marginal Cost must be rising when Marginal Cost = Marginal revenue. ... It is so because after point F, and output then producer will continue to produce as long as MR becomes equal to MC as firm will find it profitable to raise the output level.

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