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The Means of Supplying Overseas Markets-Exporting to and Production in Those

question 98

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The means of supplying overseas markets-exporting to and production in those markets-depend on nonequity modes of entry.


Definitions:

Market Price

The current price at which an asset or service can be bought or sold, determined by supply and demand.

Emissions Standard

Legal limit on the amount of pollutants that a firm can emit.

Marginal External Cost

The additional cost incurred by society due to one more unit of a good or service being produced, that is not accounted for by the producer.

External Cost

A cost of a transaction that affects someone who is not directly involved in the transaction.

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