Explain the essence of the break-even, Operation Management

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Explain the essence of the break-even

Explain the essence of the break-even analysis. Explain, moreover, by using the appropriate graphical tools how firms set prices and output according to Andrew’s model. Draw a clear graph. Specify also the notions of mark up and profit nargins and how firms react when actual sales diverge from the expected sales.

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Operation Management: Explain the essence of the break-even

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