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Question # 3 A. Explain the term absolute advantage and why it is important to ports? B. Explain the term comparative advantage and why it

Question # 3 A. Explain the term absolute advantage and why it is important to ports? B. Explain the term comparative advantage and why it is important to ports? C. Explain the term market niche and why it is important to ports? D. Explain the term competitive advantage and why it is important to ports?

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