[Solved] The situation in which total revenue is equal to total cost, is known as -

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Q.	The situation in which total revenue is equal to total cost, is known as -
A.	monopolistic competition
B.	equilibrium level of output
C.	break-even point
D.	perfect competition
Answer» C. break-even point
Explanation: In economics and cost accounting, the break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken even". A profit or a loss has not been made, although opportunity costs have been "paid", and capital has received the risk- adjusted, expected return.

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