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The theory of the firm under perfect competition — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsThe theory of the firm under perfect competition1 Mark
MCQ
When AR passes through minimum point of $\text{AVC}$, it is called:
  • A
    Breakeven point.
  • ✓
    Shutdown point.
  • C
    Normal profit point.
  • D
    Supernormal profit point.
✓

Answer

Correct option: B.
Shutdown point.

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