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1. List two (2) most important factors in the determination of a fair and reasonable price.
2. Based on these factors, propose a definition for the term "fair and reasonable price." (It is understood that the FAR has not defined this term for a reason. The purpose of this exercise is for students to analyze and highlight the factors they feel are most important in the determination of a fair and reasonable price.)
Additional Requirements Min Words: 200 Max Words: 300
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