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1 a) To help us assess firm performance, we introduced a model entitled Economic Model of a firm Provide a complete, explicit specification of all

1 a) To help us assess firm performance, we introduced a model entitled "Economic Model of a firm" Provide a complete, explicit specification of all the components of the Economic Model

1b)Consider the US Textile Industry. The US Textile Industry has exhibited significant decline in productivity over time. Use the "Economic Model of a Firm" to clearly/explicit illustrate the effect of financial performance of Textile Firms.

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