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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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