Does photorespiration help avoid photorespiration?

[Swetasuria]

In C₃ plants, RuBisCO acts as an oxygenase when CO₂ concentration is below a certain value. As a result, a process called photorespiration takes place.
Photorespiration leads to the formation of toxic ammonia and CO₂. Moreover, it uses up ATP and don't form glucose. So its considered a wasteful process.

I was wondering if the formation of CO₂ helps to increase its concentration and thereby result in RuBisCO acting as a carboxylase (which is what we want). So in a way, can we say that photorespiration stops itself from proceeding?

 

[mishrashubham]

The reaction probably reaches an equilibrium. More about equilibrium and Le Chatelier's principle.