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Before I begin, I have to say I have never posted on reddit before and I never will again. The only purpose of this post and another I will be making on the victoria 2 reddit will only exist for people who happen to be interested and google about the topic. I dislike reddit and its upvoting system, but I won't hold that against you if you don't against me. Anyways, sorry for the soapbox.
TL;dr Sphere markets dupe all of a spherelords goods and x = investment %(.5(production)) in the case of secondaries and x = investment %(.25(production)) in the case of normal civs goods if it is one of the spherelings in the sphere market. Foreign investment can reduce the goods a particular sphereling gives to an enemy sphere market by up to 50% if they are a secondary power or .25% if they are a typical civ as listed in the formulas.