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A change in relative factor prices will always result in
Property Rights
Legal rights to possess, use, and dispose of assets including real estate, personal property, and intellectual property.
Explicit Property Right
A legal assurance that allows individuals or entities the exclusive control over the use, benefits, and disposal of a particular property.
Combined Profit
The total profit earned by a group of companies or the sum of profits from different business activities within a single company.
Pacific Halibut
A large flatfish found in the North Pacific Ocean, known for its significant value as a commercial and sports fishery resource.
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