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How can live Web events be used an advertising strategy? Explain three of the best practices for successful live Web events.
Marginal Costs
The cost added by producing one additional unit of a product or service.
Diseconomies of Scale
The phenomenon where production costs per unit increase as the scale of operation expands.
Inputs
Resources used in the production process, including labor, capital, materials, and energy, to create output or goods and services.
Output
The amount of goods or services produced by a business, sector, or economy over a specific period.
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