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

1495 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

How can the Central Bank use Monetary Policy to achieve Economic Prosperity


What is the difference between external and internal economies of scale?


Explain how interest rates can be used by a central bank to increase AD (9 marks)


Why does a lower interest rate increase aggregate demand?


We're here to help

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