Question

what is the producer equilibrium. urgently​

Answer 1

a state of rest when no change is required. A firm (producer) is said to be in equilibrium when it has no inclination to expand or to contract its output

Answer 2

Explanation:

Producer's Equilibrium: Equilibrium refers to a state of rest when no change is required. A firm (producer) is said to be in equilibrium when it has no inclination to expand or to contract its output. This state either reflects maximum profits or minimum losses.