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What conditions must hold if a profit-ma...

What conditions must hold if a profit-maximising firm produces positive in a competitive market?

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Discuss MR-MC Approach in case of "Producer's Equilibrium (When Price remains Constant)" given of Page No. 8.3-8.4.
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What conditions must hold if a profit maximising firm produces positive output in a competitive market ?

What conditions must hold if a profit maximizing firm produces positive output in a competitive market?

Knowledge Check

  • Under what conditions must PQRS be a parallelogram?

    A
    `x = 45^(@)`
    B
    `y = 16^(@)`
    C
    `x = 45^(@), y = 16^(@)`
    D
    `x = 16^(@) , y = 45^(@)`

    • Similar Questions

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    Can there be a positive level of output that a profit-maximising firm produces in a competitive market at which market price is not equal to marginal cost ? Give an explanation.

    Can there be a positive level of output that a profit-maximizing firm produces in a competitive market at which market price is not equal to marginal cost? Give an explanation.

    Can there be a positive level of output that a profit maximising firm produces in a perfectly competitive market at which market price is not equal to marginal cost ? Explain.

    What is profit maximisation ?

    What do you mean by profit maximisation of a producer ?

    State the two conditions of producer's equilibrium under perfect competition ? " " Or What are the conditions of profit maximisation for a competitive firm ?

    Will a profit maximising firm in a competitive market produce a positive level of output in the short run if market price is less than the minimum of AVC ? Give an explanation.

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