Write true it is true or false if it so. 1) break even point is - TopicsExpress

Write true it is true or false if it so. 1) break even point is the level of output at which marginal revenue is equal to marginal cost 2) a pure monopolist faces downward demand curve 3) the demand curve of a perfectly competaive market is perfectly inelastic 4) the difference between accounting cost and economic cost is implicit 5) total profit is maximized when the slope of total revenue equals the slope of total cost 6) at the shutdown point, total revenue equals variable cost

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