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If a brand wants to target African-Americans through social media, a good social networking site to use would be Twitter.
Equilibrium Wage
The salary point at which labor supply aligns perfectly with labor demand.
Marginal Product
The additional output that is produced by employing one more unit of a factor of production, holding other factors constant.
Equilibrium Wage
The wage rate that balances the quantity of labor supplied and the quantity of labor demanded.
Perfectly Competitive
A market structure characterized by a large number of small firms, identical products sold by all firms, and no barriers to entry or exit.
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