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What are the advantages and disadvantages that a manager of any business should consider, in terms of production and costs of goods or services, for

What are the advantages and disadvantages that a manager of any business should consider, in terms of production and costs of goods or services, for a local and international market.

You must consider:

Production and efficiency in the short and long term

Long-term isoquant or isocost curve analysis

Economic effects on production in the short and long term

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