what is the difference between maximum profit and sufficient profit
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to find out the maximum total profits a firm is to compare it's Mr with mc
the sufficient condition is that the mc curve intersects the MR curve
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To find out the maximum total profits a firm is' to compare its MR with MC. So long MR>MC a firm can increase its total profit by producing more and more units. ... The sufficient condition is that the MC curve intersects the MR curve from below and not from above.
hope this answer will help you
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