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Problem
#247050

fair product price and startup capital

You've invented anew fire retardant chemical to be used in fire extinguishers.The product is better than other chemicals on the market because it is friendly to the environment and less harmful to people. How would you determine a fair price for the product license? How much startup capital would be required?
Explain your answers.


Solution Summary

How would you determine a fair price for the product license?

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