Page 11 - FINAL CFA SLIDES DECEMBER 2018 DAY 5
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Session Unit 4:
14. Topics in Demand & Supply Analysis, p. 1
LOS 14.e: Determine and interpret breakeven and shutdown points of production
Shutdown and Breakeven Under Imperfect Competition, p13
TR = TC: break even.
TC > TR > TVC: operate in SR but shut down LR
TR < TVC: shut down in the SR/LR
