3.3.3.6c - Profit-maximising equilibrium

Profit-maximising equilibrium.

Use c - profit-maximising equilibrium to connect the rule to the data and decision in the question.

This matters because c - profit-maximising equilibrium determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply c - profit-maximising equilibrium to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: c - Profit-maximising equilibrium is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.