The equilibrium position of a firm is attained?

The equilibrium position of a firm is attained?

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Answers (3)

Gaby
3 months ago
A firm is said to be in equilibrium when
its marginal cost is equal to marginal
revenue and marginal cost curve cuts
the marginal revenue curve from below.
A firm in equilibrium enjoys
supernormal profits if average revenue
exceeds marginal cost.
Gbolahan
3 months ago
A firm is said to be in equilibrium when its marginal cost is equal to marginal revenue and marginal cost curve cuts the marginal revenue curve from below. A firm in equilibrium enjoys supernormal profits if average revenue exceeds marginal cost.
mustapha
3 months ago
A firm is said to be in equilibrium whenits marginal cost is equal to marginalrevenue and marginal cost curve cutsthe marginal revenue curve from below.A firm in equilibrium enjoyssupernormal profits if average revenueexceeds marginal cost.
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