Industry equilibrium implies firm equilibrium but firm equilibrium does not imply industry equilibrium why?

a firm can achieve equilibrium when its?

because in chemical equilibrium the rate of forward reaction is = the rate of reversed reaction so in both sides at left side and right side those products which are formed are in same quantities...

Static Equilibrium: If some forces are acting on a body horizontally or vertically, and the body remains it states of rest is called Static Equilibrium. Formula: ∑Fx =0 ∑Fy =0 Example: a book...

Thermal equilibrium is a uniform temperature throughout a system. The equilibrium temperature is the temperature at which this happens.

Answered: Mazedul Hasan Student of Nether Stowe High School, Lichfield, Staffs, WS14 7NB U.K.