Examlex
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 _______________.
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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