-In the above figure, if d1 is the relevant demand curve for this firm, then which level of output will maximize this firm's profits or minimize its losses?

Question

Quizplus · Accepted Answer

The firm will maximize its profits or minimize its losses by producing at the output level where marginal cost (MC) equals marginal revenue (MR). In the given figure, this occurs at output level A.

-In the Above Figure, If D1 Is the Relevant Demand