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The Basic Unit of Sale for Posters Is 100 Gross

question 20

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The basic unit of sale for posters is 100 gross rating points daily.One rating point equals:


Definitions:

Long Run

A period in which all inputs can be adjusted by firms, allowing new firms to enter or exit the industry.

Constant-cost Industry

An industry where the input prices and costs of production do not change as the industry output changes.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied at those prices.

Purely Competitive

A commercial framework with a vast number of tiny enterprises, a single type of product, freedom to enter and leave, and total transparency of information.

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