Question

What is producer Equilibrium??​

Answer 1

Answer:

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Explanation:

A producer's equilibrium refers to the state where the combination of price and output gives maximum profit to the producer. By producing any more goods than the equilibrium state, the producer's profit would begin to decline.

Answer 2

Answer:

producer Equilibrium

When spoken in terms of producer's equilibrium, it means that any firm or company that produces a product or service has reached a level of output where it does not wish to either expand or contract it. ... This producer's equilibrium state could be of maximum profit or minimum.