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Rachel Greene Products, Inc. is interested in producing and selling an improved widget Market research indicates that customers would be willing to pay $90 for

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Rachel Greene Products, Inc. is interested in producing and selling an improved widget Market research indicates that customers would be willing to pay $90 for such a widget and that 50,000 units could be sold each year at this price. Rachel Greene has learned that a competitor, Chandler Bing, Company plans to introduce a similar widget at a unit selling price of $71.43. At a price of $71.43, Greene's market research indicates that it can sell 60,000 units per year. Assuming Greene can reach its new target cost, how will Greene's profit at the $71.43 price compare to what it would have earned in the absence of the competitor's product (round to nearest $1,000)? Select one: a. Profit will be $139,000 greater. b. Profit will be $75,000 smaller. c. Profit will be $139,000 smaller. d. Profit will be $75,000 greater

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