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Lecture notes

Lecture notes. Prepared by Anton Ljutic. CHAPTER EIGHT. Perfect Competition. This Chapter Will Enable You to:. Distinguish between a firm , an industry and a market Explain the conditions necessary for a perfectly competitive market to exist

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BUSINESS MATHEMATICS

BUSINESS MATHEMATICS. Breakeven Analysis. Breakeven Analysis Defined. Breakeven can be defined as the minimum level of sales revenue or units of goods that an organisation must meet or produce to cover all costs. To determine these level, costs must be determined appropriately and accurately.

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Lecture notes

BUSINESS MATHEMATICS