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3 Tutorials that teach Breakeven Point
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Breakeven Point

Breakeven Point

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Author: Catherine Barry
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This lesson will explain Breakeven Point

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Terms to Know
Breakeven

A situation where there is no profit or loss.

Economic Profit

Total revenue calculated minus explicit costs and opportunity costs.

Long-Run

A point in which a firm can adjust output and expenses to minimize cost per unit.

Short-Run

A point in which a firm cannot adjust output and expenses in preparation to minimize cost per unit.