The break-even point is that level of activity where: sales revenue equals total variable cost. sales revenue equals fixed cost. total contribution margin equals the sum of variable cost plus fixed cost. contribution margin equals fixed cost. variable cost equals fixed cost.

Contribution margin equals fixed cost.

Explanation:

The break even point is the point at which the firm is earning no profit or no loss suffered

i.e

Total cost = Total revenues

Plus,

The contribution margin = Sales - variable expenses

So,

The contribution margin = Fixed cost = break even point

So if we deduct the contribution margin from the fixed cost so the amount should be zero that implies the break even point

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.

the answer would be price fixing, hope it