Equilibrium conditions in

the market
• Dr Manasi Kurtkoti
Head, department of Economics
Dr D. Y Patil ACS College, Pimpri, Pune.
Member, BOS (SPPU and MIT College)
Adjunct Professor (COEP)
 Equilibrium conditions
Equilibrium is state of no change
Equilibrium depends on two factors
1.Revenue structure
2.Cost structure
Shapes of revenue curve
1. Horizontal: 2. Downward Sloping
Cost structure
 Total revenue- Total Cost approach

2 Approaches
Total revenue- Total Cost approach
Marginal Revenue- Marginal Cost approach
TR-TC Approach
MR-MC Approach
Thank
You