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Your company is considering employing a "freemium" strategy.Identify five guidelines for success using this strategy.
Economic Profits
The difference between total revenue and total costs, including both explicit and implicit costs, representing surplus earnings above normal expectations.
Profit-Maximizing
The way in which a business figures out the best price and quantity of production for optimal profit.
Output Level
The amount of goods or services produced by a company, industry, or economy within a specific period, often measured to assess productivity and efficiency.
Break-Even
The point at which total revenue equals total costs, meaning there is no net loss or gain.
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