Thursday, February 4, 2010

Long run profit for a firm operating as a monopoly is breakeven. true/false?

False. Break Even Point (BEP) is a situation where a firm is neither in profit nor loss. This is also called trading at margin of safety. Profit starts accruing only after BEP, if the firm would do wellLong run profit for a firm operating as a monopoly is breakeven. true/false?
if that is teh case, then that company is being run very poorly

No comments:

Post a Comment