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Petrox's marketing and sales director doesn't think that the firm's market is big enough for the firm to break even. In fact, she believes that
Petrox's marketing and sales director doesn't think that the firm's market is big enough for the firm to break even. In fact, she believes that the firm will be able to sell only about units. However, she also thinks that the demand for Petrox's product is relatively inelastic so the firm can increase the sales price without significantly decreasing the volume of product sold Assuming that the firm can sell units, what price must it set to break even?
$ per unit
$ per unit
$ per unit
$ per unit
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