Figure 11-5
-Refer to Figure 11-5.The private profit-maximising output level is

Name: Figure 11-5 -Refer to Figure 11-5.The private profit-maximising output level is
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Question

Figure 11-5 
-Refer to Figure 11-5.The private profit-maximising output level is

Quizplus · Accepted Answer

The private profit-maximising output level is Qm because it is the output level at which the marginal cost (MC) curve intersects the marginal revenue (MR) curve. At this output level, the firm is producing the quantity of output that will maximise its profits.

Figure 11-5 -Refer to Figure 11-5.The Private Profit-Maximising Output Level Is