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The Way in Which the Average Opinion of Groups of Like-Minded

question 206

Multiple Choice

The way in which the average opinion of groups of like-minded individuals tends to become more extreme when they discuss an issue follows the principle of group _______________.


Definitions:

Firms

Business organizations engaged in professional, commercial, or industrial activities, aiming to generate profits.

Average Product

The average amount produced by each unit of a variable factor of production.

Marginal Product

The additional output that is produced by adding one more unit of a specific input, ceteris paribus.

Average Product

The output produced per unit of input used; calculated by dividing the total product by the quantity of inputs.

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