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Suppose your firm has a greater need for specialized leather machinery in order to produce custom-made baseball gloves.Your firm has a previous contractual relationship with
Suppose your firm has a greater need for specialized leather machinery in order to produce custom-made baseball gloves.Your firm has a previous contractual relationship with the leather supplier; however, that contract is now up for renegotiation.With the greater need for specialized inputs, what would happen to contract duration from this new contract?What would happen to which curve in the contract market to achieve this result?
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