Where on a firm diagram would a firm be at a profit maximising equilibrium?

A profit maximising equilibria is one in which the firm maximises overall profit over all other potential outcomes. The point at which the firm is maximising profit is where marginal revenue intersects marginal cost.

(The white board function isn't working, but I'd also add a lablled diagram, showing the equilibria here)

Answered by Harry C. Economics tutor

1166 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

'What are the disadvantages of economic growth?'


Why did productivity in the UK remained stagnant after 2007?


Define the term "elastic demand"


What are barriers to entry?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2024

Terms & Conditions|Privacy Policy