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Higher indifference curves represent:
Consignor
The entity or person that sends goods to another (the consignee) to be sold, while retaining ownership until the goods are sold.
Consignee
The individual or entity to whom goods are shipped under a consignment agreement, responsible for selling the goods.
Import Duties
Taxes imposed by a government on goods brought into the country, typically to protect domestic industries or generate revenue.
FOB Shipping
A shipping term indicating that the seller is responsible for delivering goods to a designated location, where the buyer becomes responsible for the goods.
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