What do you mean by equilibrium of a firm?
Answers
Answered by
1
Explanation:
A firm is said to be in equilibrium when it has no incentive either to expand or to contract its output. A firm would not like to change its level of output only when it is earning maximum money profits. Hence, making a maximum profit or incurring a minimum loss is an important condition of a firm's equilibrium.
Answered by
0
Answer:
due to natural calamity the total production of foodgrains decreases by due to shortage of water crisis cause a battery prices
Similar questions