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TransWave International is a small company that has developed a system that uses the Internet and patented electronic sensors as an early-warning device for pipeline leaks. With recent growth in the natural gas industry, the timing is right for this company's success, but it must use ________ advertising so oil companies will know of its product's existence.
Long-Run Average Cost
The per-unit cost of production in the long term, where all inputs, including capital, are variable, often used to analyze economies of scale.
Scale Of Operation
The scope or size of a business or production process, which can affect efficiency and cost.
World Price
The international market price of a good, influenced by global supply and demand.
Free International Trade
The exchange of goods and services across international borders without restrictions such as tariffs, quotas, or subsidies.
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