Multiple Choice
The figure given below shows the revenue and cost curves of a perfectly competitive firm.Figure 10.5
MC: Marginal cost curve
MR: Marginal revenue curve.ATC: Average-total-cost curve
AVC: Average-variable-cost curve
-In the short run, the firm's break-even point is:
A) the minimum point of the firm's demand curve.
B) the minimum point of the firm's average-total-cost curve.
C) the minimum point of the firm's average-variable-cost curve.
D) the minimum point of the firm's marginal-cost curve.
E) the minimum point on the average-fixed-cost curve.
Correct Answer:

Verified
Correct Answer:
Verified
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