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Break-even output for a firm is obtained at a point where its ______. - Economics

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Question

Break-even output for a firm is obtained at a point where its ______.

Options

  • AR = AC

  • AR = AVC

  • AR < AVC

  • all of these

MCQ
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Solution

Break-even output for a firm is obtained at a point where its AR = AC.

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Chapter 11: Determination of Equilibrium Price and Output Under Perfect Competition - TEST YOURSELF QUESTIONS [Page 199]

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Frank Economics [English] Class 12 ISC
Chapter 11 Determination of Equilibrium Price and Output Under Perfect Competition
TEST YOURSELF QUESTIONS | Q 6. | Page 199
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