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Which of the following statement is correct? Exchange rate exposure facing a firm has nothing to do with whether or not a firm can passthrough.

Which of the following statement is correct?

Exchange rate exposure facing a firm has nothing to do with whether or not a firm can passthrough.

The effectiveness of a firm managing its exchange rate exposure via passthrough does not depend on the market competition facing a firm.

A firm which can passthrough faces more exchange rate exposure than a firm which cannot passthrough.

A firm which can passthrough faces less exchange rate exposure than a firm which cannot passthrough.

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