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Brand Y has 20% unit market share of a market. The total market size (i.e., the total sales made by Brand Y and its competitors)
Brand Y has 20% unit market share of a market. The total market size (i.e., the total sales made by Brand Y and its competitors) is 3 million units annually. The unit contribution for Brand Y is $1.50 and the fixed costs are $60,000 annually. What is Brand Y's annual profit from that market? (5 points)
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