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At “Break-even point”,
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- the industry is in equilibrium in the long-run.
- the producers suffers the minimum losses
- the seller earns maximum profit
- the firm is at zero-profit point
- the industry is in equilibrium in the long-run.
Correct Option: D
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." For businesses, reaching the break-even point is the first major step towards profitability.
