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It has been observed that a product's production costs decline by some quantity about each time cumulative output Multiple Choice quadruples. increases by 25 percent.

It has been observed that a product's production costs decline by some quantity about each time cumulative output Multiple Choice quadruples. increases by 25 percent. doubles. triples.Commodity products such as bulk chemicals, petroleum, steel, and/or sugar do not require much differentiation because the taste and preference for these products are similar all around the world. These products are called Multiple Choice global products. traditional products. basic needs. universal needs

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