Breakeven and shut down point (HL only)

IB Economics: Breakeven and shut down point (HL only)

This lesson focuses on two distinct economic concepts - breakeven and shut down points. Shut down point is no longer part of the new syllabus.What is the difference between a firms breakeven point and the point that businesses will be forced to shut down in both the short term and the long run.Lesson time: 45 minutesLesson objectives:Explain, using a diagram, when a loss-making firm would shut down and exit the market...

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