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Great Ads Have Certain Characteristics in Common,which Can Be Placed

question 80

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Great ads have certain characteristics in common,which can be placed into two dimensions of greatness,which are


Definitions:

Marginal Revenue

The additional revenue that will be generated by increasing product sales by one unit.

Output

Output refers to the quantity of goods or services produced by a company, industry, or economy within a certain period.

Nondiscriminating Monopolist

A monopolist that charges the same price to all consumers for its product, regardless of demand differences.

Elastic

Refers to the responsiveness of the demand or supply of a good or service to changes in its price.

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