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Credit Union Central of Canada, through its direct-mail promotion, encourages its members to write letters to members of Parliament asking them to pass legislation favourable to credit unions. Such promotion is a form of ______ advertising.
Average Costs
Costs per unit of output, calculated by dividing the total cost of production by the number of units produced.
Profit-maximizing
The process or strategy of adjusting production and sales to achieve the highest possible profit margin.
Long-run Equilibrium
A state in economics where all factors of production and market forces are balanced, and there are no external pressures inducing change.
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