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A strongly competitive home market tends to dull the competitive advantage relative to firms located in less competitive home markets.
Price of A
The cost assigned to a specific product or service "A", determined by various factors like production costs, supply, and demand.
Price of B
The cost required to purchase good B or the amount a consumer is expected to pay for acquiring good B.
Marginal Utilities
The added satisfaction or utility that a person receives from consuming an additional unit of a good or service.
Pocket Money
Usually small amounts of money given to children by their parents on a regular basis.
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