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What information is provided by the van 't Hoff factor?
Absolute Advantage
The ability of an individual, company, or country to produce a good or service more efficiently than competitors.
Specialization
The process of focusing on and becoming expert in a particular subject or skill, often resulting in increased efficiency and productivity.
Nations
Large groups of people united by common descent, history, culture, or language, inhabiting a particular country or territory.
Domestic Price
The price of goods or services within a country's borders, as opposed to international or foreign prices.
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