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Which of the Following Is NOT Always Necessary in Order

question 38

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Which of the following is NOT always necessary in order for a valid contract to be formed?


Definitions:

Transformation

A comprehensive change in condition, nature, or function of something.

Slope

The measure of the steepness or incline of a line on a graph, indicating the rate at which variables change relative to each other.

Production Possibility Frontier

A graphical representation showing the maximum quantity of different goods that can be produced with a given set of resources and technology.

Opportunity Costs

The cost of an alternative that must be forgone in order to pursue a certain action or decision.

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