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Consider a firm in the short run.Average product is at its maximum when
Market Penetration
The action or strategy of increasing the market share of an existing product, or promoting a new product, through aggressive marketing tactics.
Market Development
A growth strategy where a company aims to increase sales by promoting its existing products in new markets.
Strategic Marketing Planning
Development and execution of marketing strategies to reach business objectives, including market analysis and strategy formulation.
Discontinued
Products or services that have been ceased by their providers, and are no longer available to consumers.
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