3. A California biotechnology firm submitted a tomato that will not rot for weeks to the U.S....

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3. A California biotechnology firm submitted a tomato that will not rot for weeks to the U.S. Food and Drug Administration.

It designed such a fruit by changing the genetic structure of the tomato. What effect will this technological change have on:

a. The price of tomatoes?

b. Farmers who grow tomatoes?

c. The geographic areas where tomatoes are grown?

d. Where tomatoes are generally placed on salad bars in winter?

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Microeconomics

ISBN: 9780077501808

9th Edition

Authors: David Colander

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