When a firm is operating at an output rate at which total revenue equal total costs, this is called

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When a firm is operating at an output rate at which total revenue equals total costs, this indicates that the firm has reached its breakeven point. At this point, the firm is not making a profit, but it is also not incurring a loss. The breakeven point is an important concept in business, as it helps managers and owners understand the level of sales required to cover all of the costs associated with operating the business.

When a Firm Is Operating at an Output Rate at Which