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#8 If a perfectly competitive dairy farmer takes her marginal cost, average cost, marginal revenue and price and plots these curves out on a graph,
#8 If a perfectly competitive dairy farmer takes her marginal cost, average cost, marginal revenue and price and plots these curves out on a graph, where is her business break-even point on the graph?
- Where the price intersects the marginal cost below the average cost curve
- Where the price intersects that marginal cost above the average cost curve
- Where the price intersects the marginal cost at the minimum point of the average cost curve
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