Explain why the following two conditions for long- run break- even are equivalent: (a) revenue covers total

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Explain why the following two conditions for long- run break- even are equivalent:

(a) revenue covers total cost; and

(b) price covers average cost.

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Managerial Economics

ISBN: 9781032145402,9781032209319

6th Edition

Authors: Ivan Png

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Question Posted: Oct 05, 2024 04:01 AM

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Explain why the following two conditions for long- run break- even are equivalent: (a) revenue covers total cost; and (b) price covers average cost.
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Explain why the following two conditions for long- run break- even are equivalent: (a) revenue covers total

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Managerial Economics

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