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Question : The situation in which total Revenue equals total cost, is known as :

Option 1: monopolistic competition.

Option 2: equilibrium level of output .

Option 3: break even point .

Option 4: perfect competition .


Team Careers360 18th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: break even point .


Solution : The correct option is break even point .

The situation in which total revenue equals total cost is known as the "break-even point." At this point, a business is neither making a profit nor incurring a loss. It is essentially covering all its costs with its generated revenue.

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