Question

    The point on the supply curve at which a firm earns only normal profit is called the ________.

    A exit point Correct Answer Incorrect Answer
    B break-even point Correct Answer Incorrect Answer
    C break-through point Correct Answer Incorrect Answer
    D income point Correct Answer Incorrect Answer

    Solution

    The point on the supply curve at which an enterprise earns only normal profit is known as the break-even point of the enterprise.

    Practice Next

    Relevant for Exams:

    ×
    ×