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Perfect substitute |
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Perfect substituteA good that is regarded by its demanders as identical to another good, so that the elasticity of substitution between them is infinite.Similar MatchesSubstitute saleSubstitute saleA method for hedging price risk that uses debt market instruments, such as interest rate futures, or that involves selling borrowed securities as the primary assets. Import substituteImport substituteA good produced on the domestic market that competes with imports, either as a perfect substitute or as a differentiated product. |
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