Explain the condition of Producer Equilibrium under Marginal Cost [M.C] and Marginal Revenue [M.R] Approach with diagram and with example
The MR-MC approach of determination of producer's equilibrium is already covered in our study material with diagram.Follow the given link and scroll down to the topic 'Long run equilibrium' to view the same.
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/the-theory-of-the-firm-under-perfect-competition/338_1983_5816#slide4_equilibrium-and-perfect-competition-–-short-run-and-long-run
https://www.meritnation.com/cbse/class12-commerce/studymaterial/economics/introductory-microeconomics/the-theory-of-the-firm-under-perfect-competition/338_1983_5816#slide4_equilibrium-and-perfect-competition-–-short-run-and-long-run