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#33 Equilibrium of the firm (TR, TC approach and MC, MR approach ) by Hardev Thakur
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In this video, we have talked about how a firm get an equilibrium when the firm has the objective of Maximisation of Profit, we will find out that with the help of the Total Cost (TC) and Total Revenue (TR) approach and we will also use Marginal Revenue(MR) and Marginal Cost Approach(MC). we also discussed what is the necessary and sufficient conditions for the equilibrium of the firm.
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