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A firm has the following cost structure: Unit Price: $10 Unit Direct Cost: $8 Fixed Cost: $1000 (for capacity up to 1000 units) What is
A firm has the following cost structure:
Unit Price: $10
Unit Direct Cost: $8
Fixed Cost: $1000 (for capacity up to 1000 units)
What is the advice for the following concerns:
- This is a new business: what are the immediate concerns?
- The market is competitive: any effective strategy in such a market?
- Long-term planning considerations?
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