as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain the concept of breakeven price for a business.
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breakeven price is the price at which a business's total revenue is equal to its total costs, meaning that the business is making neither a profit nor a loss. at this price, the business covers all its costs with revenue, and each sale made at the breakeven price will contribute to the profit of the business.
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