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Basic Question 1 of 8
The breakeven point is the minimum average ______ cost point in the long run.
B. fixed
C. total
A. variable
B. fixed
C. total
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Learning Outcome Statements
determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition
CFA® 2025 Level I Curriculum, Volume 1, Module 1.