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A firm, which sells widgets, has annual fixed costs of $10,000,000. Each widget sells for $10 and takes $6 in variable costs to manufacture. If
A firm, which sells widgets, has annual fixed costs of $10,000,000. Each widget sells for $10 and takes $6 in variable costs to manufacture. If sales volume last year was $30,000,000, what is the number of widgets the firm must sell to have EBIT = 0?
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