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Basic Question 0 of 17
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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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
CFA® 2025 Level I Curriculum, Volume 1, Module 1.