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Unformatted text preview: this increase is unjustifiable because weather conditions have been favorable to citrus production in all but one of those years. This argument is flawed for several reasons. First and foremost, the author assumes that the only factor that influences the price of citrus fruit is the weather. Other factors such as monetary inflation, increased distribution and labor costs, or alterations in supply and demand conditions are completely ignored as possible sources for the increase. The charge that citrus growers have unnecessarily raised prices can be sustained only if these and other possible factors can be completely ruled out as contributing to the price increases. Since the author fails to address these factors, the recommendation calling for strict pricing regulations can be dismissed out of hand as frivolous. Second, the author assumes that the only way to combat increased prices is through government intervention. In a free enterprise system many other means of affecting the pricing o...
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This note was uploaded on 05/05/2009 for the course ECAS asdfasdf taught by Professor Asdfaf during the Spring '09 term at Academy of Art University.
- Spring '09