At a particular level of output, a producer finds that MC gt MR. What will a producer do to maximise his profit ?

At a particular level of output, a producer finds that MC gt MR. What

1.	At a particular level of output, a producer finds that MC gt MR. What will a producer do to maximise his profit ?
Answer» Solution :All profit-maximizing FIRMS produce where their MARGINAL cost (MC) (the cost of producing ONE more unit) is equal to their marginal revenue (MR) (the revenue received from selling an ADDITIONAL unit). This MR=MC rule is the same for MONOPOLISTS as is it is for perfectly competitive firms