The Letter C represents the point of the business cycle that is at its peak level of activities.
What is a business cycle?
This refers to the the circular movement of an economy as it moves from expansion to contraction and back again. Most time, the cconomic expansion is characterized by growth.
Throughout an economic life, the business cycle goes through five identifiable phases that includes the:
- introduction
- expansion
- peak
- contraction
- trough
Therefore, the Letter C represents the point of the business cycle that is at its peak level of activities which it was where the highest level of profit and success happens
Therefore, the Option B is correct.
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