Assume you’ve just started a new business to manufacture Weed Be-Gone, a new electronic gizmo that zaps weeds. Your business analyst tells you that in the long run Weed Be-Gone will sell for $12,50 because, after a few years pass, similar products will be introduced by your competitors. Assume that, in the long run, you want to earn $2.50 on each unit of Weed Be-Gone sold. What is the target price? What is the target profit? What is the target cost?
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