1. Many forces affect the long-run cost structure of operating in two countries. One would be the differences between the price levels in a foreign country compared to the United States. Address the following:
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3. Considering these forces, explain the foreign exchange market, fixed exchange rate system, flexible exchange rates, and international reserves.

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Certainly Lets address each concept related to the forces affecting the longrun cost structure and the differences in price levels between a foreign country and the United States 1 Foreign Exchange Ma... View the full answer