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Beyond producer’s equilibrium when MR
  • a)
    Abnormal profit
  • b)
    Normal loss
  • c)
    Abnormal loss
  • d)
    Normal Profit
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Beyond producer’s equilibrium when MRa)Abnormal profitb)Normal l...
Producer's Equilibrium or Optimisation (With Diagram) ... Producer's equilibrium or optimisation occurs when he earns maximum profit with optimal combination of factors. A profit maximisation firm faces two choices of optimal combination of factors (inputs).
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Beyond producer’s equilibrium when MRa)Abnormal profitb)Normal lossc)Abnormal lossd)Normal ProfitCorrect answer is option 'C'. Can you explain this answer?
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