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MICROECONOMICS CH : 10 PRODUCER'S EQUILIBRIUM — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 10 PRODUCER'S EQUILIBRIUM1 Mark
Question
Producer's equilibrium is a situation of 'revenue maximisation'.
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Answer

False. A producer strikes his equilibrium at that level of output where profit is maximised. Hence, producer's equilibrium is a situation of 'profit maximisation'.

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