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Author Question: Relating to the Economics in Practiceon page 252: Subsidies for ethanol, a fuel produced from corn, ... (Read 15 times)

awywial

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Question 1

Society will produce ________ if price and marginal cost are equated for all firms.


◦ the efficient mix of output
◦ the maximum output
◦ the minimum output
◦ no output

Question 2

Relating to the 
Economics in Practice on page 252: Subsidies for ethanol, a fuel produced from corn, have affected the market for


◦ corn.
◦ wheat.
◦ farm land.
◦ All of these are correct.


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Marked as best answer by awywial on Apr 19, 2019

TDubDCFL

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