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Identify the profit maximizing level of output from the diagram below. List out the condition for profit maximization.

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Identify the profit maximizing level of output from the diagram below. List out the condition for profit maximization.

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b is the profit maximizing level of output. MR = MC 

At the profit maximizing level of output MC is non decreasing, that is the slope of MC is positive. 

P > AVC.

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