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Dave heads the information technology department of a small company based in Atlanta that sells customized T-shirts over the Internet. The company has seen a surge in popularity and is planning to expand its operational base to four more cities. However, Dave has now been asked to come up with a strategy to cut down on the costs incurred in maintaining multiple servers in different cities to host the marketing and e-commerce sites. Which of the following measures will help Dave achieve his objective?
Prices
The amount of money required to purchase goods or services, typically determined by factors such as demand, supply, and production cost.
Demand Curve
A graph showing the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at that price.
Marginal Revenue Curve
A graphical representation showing how marginal revenue varies with changes in the quantity of output sold.
Average Revenue Curve
Represents the relationship between the price of a product and the quantity sold, showing how revenue changes with varying levels of output.
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