Q.

The situation in which total Revenues equals 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."
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