Producer's equilibrium - class-XII

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Question 1 of 25

As per Total Revenue less Total Cost (TR - TC) approach of looking at the producer's equilibrium, which of the following condition is necessary for producer's equilibrium?

Select Your Answer:

The difference between TR and TC is maximum

Profits falls if one more unit of output is produced

Both (A) and (B)

Either (A) or (B)

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