McqMate
Q. |
At "Break-even point", |
A. | the industry is in equilibrium in the long run. |
B. | the producers suffers the minimum losses |
C. | the seller earns maximum profit |
D. | the firm is at zero-profit point |
Answer» D. the firm is at zero-profit point | |
Explanation: The break-even point (BEP) is the point at which cost or expenses and revenue areequal: there is no net loss or gain, and one has "broken even." For businesses, reaching the break-even point is the first major step towards profitability. |
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