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You are the manager for global opportunities for a U.S. Manufacturer, who is considering expanding sales in Asia. Your market research has identified the market potential in Malaysia, Philippines, and Singapore as described next:

The product sells for $10 and has unit costs of $8. If you can enter only one market, and the cost of entering the market (regardless of which market you select ) is $ 250.000, should you enter one of these markets ? If so, which one ? If you enter, what is your expected profit?

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Microeconomics, Economics

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