is there any difference b/w Break even point and equilibrium?

Samyak,

Yes, there is a difference between break even point and equilibrium. At Break even point, the price is just equal to minimum of SAC and the firm earns normal profit. In such a situation, the firm continues production but the revenue earned is just equal to meet its fixed and variable costs. On the other hand, Producer's equilibrium is defined as a state where a producer is earning maximum possible profit by producing a particular level of output. Here, producers do not have any incentive to move away from this point(i.e. to increase or decrease production) because such deviation will reduce his profits.

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