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The explosive demolition of a rock formation by Mountain Blasters Inc. injures Noh, who is hiking on a nearby slope. Under the doctrine of strict liability, Mountain Blasters must pay for Noh's injury
Japanese Dominance
A period or concept where Japan excels or has excelled significantly in certain industries or economic sectors, outperforming competitors.
Absolute Advantage
The ability of an entity to produce a good or service more efficiently than its competitors, using fewer resources.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choice.
Absolute Advantage
The ability of an individual, company, or country to produce a good or service at a lower cost per unit than other competitors with the same quality.
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