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Business Studies

Coordination & Importance of Coordination

An entreprene...

Question

An entrepreneur will stay in business in the long run as long as he meets:

A

His domestic expenditure

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B

All costs of production

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C

Fixed costs of production

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D

Variable costs of production

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Solution

The correct option is C All costs of production
An entrepreneur would like to cover all costs (fixed and variable costs) in the long run.

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