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Which of the following is usually NOT a factor that must be considered when estimating the revenues and costs arising from a new product?
Military-Related Research
Research and development activities focused on creating or improving military technology, strategies, and operations.
Capitalism
An economic system where private individuals own and control means of production and operate for profit, with minimal government interference.
Innovative Firms
Companies that introduce new ideas, products, or methods, significantly impacting their industry and potentially driving economic growth through innovation.
New Product
An item recently introduced to the market that fulfills a need or niche not met by existing products.
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