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Answer any two of these in one paragraph (maximum 100 words per response; worth 5points each): 1. How does capital-intensive technical change help firms compete?

Answer any two of these in one paragraph (maximum 100 words per response; worth 5points each):

1. How does capital-intensive technical change help firms compete?

2. Using the Surplus Approach, describe how tendencies for concentration emerge from the regular functioning of competition between capitalist firms.

3. How does competition between capitalist firms trigger tendencies for overproduction?

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