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What is the shop license fee after the first year?

  1. $50

  2. $70

  3. $100

  4. $25

The correct answer is: $50

After the first year, the shop license fee is reduced to $50. This means that options B, C, and D are incorrect because they have higher fees than $50. Option D is also incorrect because it suggests a fee reduction rather than the actual fee after the first year.