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Unformatted text preview: The producers may have thought that the prices at which the apples were selling for was not high enough, making the opportunity cost must higher to produce them. The producers may have thought that the price floor would be beneficial to them but did not realize the negative ramifications that were brought along with it....
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This note was uploaded on 02/19/2011 for the course ECO 2023 taught by Professor Barefield during the Spring '09 term at Tallahassee Community College.
- Spring '09