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Explain why input barriers to entry have probably declined in importance with the recent expansion of international markets.
Business Management, Management Studies
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Use separate graphs to sketch two indifference curves for people with each of the following utility functions. (a) U(x,y)=x+2y. (b) U(x,y)=min{2x,y}.(c) U(x,y)=max{2x,3y}.
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