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A company, 'QuantumLeap', has a patent on a new production process that allows it to manufacture a computer chip for $20 per unit. Its competitors all use an older process, producing an identical chip for $50 per unit, which they also sell for $50. The total annual market demand for this chip is 100,000 units, and QuantumLeap has the capacity to supply the entire market. Which of the following pricing strategies would generate the highest annual profit for QuantumLeap?
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A company, 'QuantumLeap', has a patent on a new production process that allows it to manufacture a computer chip for $20 per unit. Its competitors all use an older process, producing an identical chip for $50 per unit, which they also sell for $50. The total annual market demand for this chip is 100,000 units, and QuantumLeap has the capacity to supply the entire market. Which of the following pricing strategies would generate the highest annual profit for QuantumLeap?