In competitive markets, farmers adopt new technologies that will eventually reduce their revenue because a. each farmer

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In competitive markets, farmers adopt new technologies that will eventually reduce their revenue because

a. each farmer is a price taker.

b. farmers are short-sighted.

c. regulation requires the use of best practices.

d. consumers pressure farmers to lower prices.

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Principles Of Microeconomics

ISBN: 9780357133484

9th Edition

Authors: N Gregory Mankiw

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Question Posted: Jan 27, 2024 11:01 PM

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In competitive markets, farmers adopt new technologies that will eventually reduce their revenue because a. each farmer

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Principles Of Microeconomics

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