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Viral __________ Refers to Spreading the Word About Your Company

question 71

Short Answer

Viral __________ refers to spreading the word about your company and its product in much the same way that biological viruses are transmitted from person to person.


Definitions:

Optimal Quantity

The quantity that generates the highest possible total profit.

Economic Analysis

The systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints.

Marginal Benefit

The additional benefit obtained from consuming one more unit of a product or service.

Marginal Benefit

The additional benefit received from consuming one more unit of a product or service.

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