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_____ Refers to the Number of People Who Buy the Publication

question 1

Multiple Choice

_____ refers to the number of people who buy the publication either by subscription or at a newsstand.

Definitions:

Output

The total amount of goods or services produced by a company or country.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically characterized by a reduction in average costs with increased production.

Minimum Efficient Scale

The smallest scale of production a firm can achieve while still taking full advantage of economies of scale in terms of costs per unit.

Output

The quantity of goods or services produced by a firm, sector, or economy within a certain period.