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Assume the company has conducted a marketing study that estimates it can increase annual sales of this product by 5 , 0 0 0 units
Assume the company has conducted a marketing study that estimates it can increase annual sales of this product by units for each $ reduction in its selling price. If the company will only consider price reductions in increments of $eg $ $ etc. what is the maximum annual profit that it can earn on this product? What sales volume and selling price per unit generate the maximum profit?
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