Explain the equilibrium condition for firms to maximize it's profit

1.	Explain the equilibrium condition for firms to maximize it's profit
Answer» ANSWER: The monopolist's profit maximizing level of output is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a PERFECTLY competitive firm uses to DETERMINE its equilibrium level of output. ... As the price falls, the MARKET's demand for output increases. hope its help you

Answer»

The monopolist's profit maximizing level of output is found by equating its marginal revenue with its marginal cost, which is the same profit maximizing condition that a PERFECTLY competitive firm uses to DETERMINE its equilibrium level of output. ... As the price falls, the MARKET's demand for output increases.

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Explain the equilibrium condition for firms to maximize it's profit​

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Explain the equilibrium condition for firms to maximize it's profit