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Suppose the price of a given model of Bose Headphones in Paris is 300 Euros, and the price of the same model in Brazil is

Suppose the price of a given model of Bose Headphones in Paris is 300 Euros, and the price of the same model in Brazil is equivalent to 485 Euros at the prevailing Real/Euro exchange rate. Using the concept of purchasing power parity, the Euro is

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