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Can you please throughly explain these questions: What is a social contract, and why are business relationships best defined as social contracts (not just legal

Can you please throughly explain these questions:

  1. What is a social contract, and why are business relationships best defined as social contracts (not just legal contracts), according to Thomas Donaldson and Thomas Dunfee?
  2. What are 'hypernorms', according to their argument, and how are they established?
  3. How should these be related to local business laws and customs?

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