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Mekong Company was making a product for $45 and selling it for $90. A competitor began selling the same product for $75. If Mekong is
Mekong Company was making a product for $45 and selling it for $90. A competitor began selling the same product for $75. If Mekong is to meet the competition's price, and maintain the same amount of profit per unit, what is its target cost?
a. $45
b. $21
c. $30
d. $52
e. $33
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