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It offered rich land for farming
One example would be how voting polls show that democrats are strong on the east and west coast, while republicans are more prevalent in the middle and the south.
Answer:
The correct answer is option c.
Explanation:
Break-even point refers to the situation where the economic costs incurred is equal to economic profits. This is graphically represented by the point where the ATC curve intersects the AR curve. The price and output at that point will reflect break even.
At this point though, the firm will be earning some accounting profit and would need to pay taxes on that profit.
High prices for low quality goods is the problem with monopolies.
