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Two (2) key factors in determining the cost-effectiveness and potential profitability of bringing any product or service to market are supply and demand and price

Two (2) key factors in determining the cost-effectiveness and potential profitability of bringing any product or service to market are supply and demand and price determination.

  • What is learned from a well-formulated supply and demand curve analysis and how does this information help determine optimum production rates for maximum profitability?

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