Will a profit maximising firm in a competitive market ever produce a positive level of output in the range where MC is falling ? Explain.

Will a profit maximising firm in a competitive market ever produce a p

1.	Will a profit maximising firm in a competitive market ever produce a positive level of output in the range where MC is falling ? Explain.
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :No, because the necessary condition of equilibrium is that <a href="https://interviewquestions.tuteehub.com/tag/mc-1091384" style="font-weight:bold;" target="_blank" title="Click to know more about MC">MC</a> <a href="https://interviewquestions.tuteehub.com/tag/gt-1013864" style="font-weight:bold;" target="_blank" title="Click to know more about GT">GT</a> MR after equilibrium.</body></html>