Economy, asked by ayush8156, 9 months ago

what is meant by producers equilibrium ????​

Answers

Answered by Avni2348
1

is said to be in equilibrium when he maximize his profits or maximize his losses

Answered by praladk9421
0

Equilibrium refers to a state of rest when no change is required. A producer is said to be in Equilibrium it has no inclination to expand or to contact it's output .This state is either reflects maximum profits or minimum losses.

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