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Which of the following is NOT illustrated by a production possibilities frontier?
Option Agreements
Legal contracts that give the holder the right, but not the obligation, to buy or sell an asset at a predetermined price and date.
Assignment of Rights
The transfer of rights or interests in a contract or property from one party to another.
Breach of Contract
An act of failing to fulfill the terms and conditions as agreed upon in a contract, leading to legal action for redress.
Agent
One who acts under the direction of a principal for the principal’s benefit in a legal relationship known as agency. See also principal.
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