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Assuming there are no step-fixed costs, if marginal cost is greater than marginal revenue, the following must be true in order to break-even (select one):
Assuming there are no step-fixed costs, if marginal cost is greater than marginal revenue, the following must be true in order to break-even (select one):
- A. Fixed costs must be more than fixed revenues
- B. Fixed costs must be less than fixed revenues
- C. Cannot tell from the information given
- D. Fixed costs must be equal to fixed revenues
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