ch 7 - NO buyback = deadweight loss area A Comparative...

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Price Supports-Agricultural markets 3 general guidelines 1. isolate market 2. establish price support’ 3. pay subsidy buyback = deadweight loss area C
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Unformatted text preview: NO buyback = deadweight loss area A Comparative advantage-lowest opportunity cost to who you compare to (low cost) World price-...
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This note was uploaded on 05/03/2011 for the course SPAN 110 taught by Professor Jones during the Fall '10 term at Saint Louis.

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