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A company is considering introducing a new product to the market. The estimated revenue from selling the product is $50,000, while the production costs amount to $30,000. What can be concluded about the potential profitability of the new product?




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© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.