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Contests Generally Draw More Entries Than Sweepstakes Do

question 67

True/False

Contests generally draw more entries than sweepstakes do.


Definitions:

Long-run Equilibrium

The state in which, over time, supply and demand are balanced, and all adjustments to economic conditions have been made, resulting in stable prices and outputs.

Marginal Cost

The hike in expense for producing another unit of a product or service.

Marginal Revenue

The extra revenue a company earns by selling an additional unit of a product or service.

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