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As the sugar price has gone up,a good portion of the profit margin of a candy bar has been preserved by simply reducing the size of the bar.The candy manufacturers are utilizing the principle of ____________.
Production Factors
The inputs used in the process of producing goods or services, typically classified as land, labor, and capital.
Globalized Market
A large market created by combining separate national markets.
European Union
A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure free movement of people, goods, services, and capital.
Additional Taxes
Taxes levied in addition to the basic tax rate on income, property, or goods.
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