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A hurricane hits North Carolina and wipes out 10 million bushels of corn. If the market price of a bushel of corn is $3 and

A hurricane hits North Carolina and wipes out 10 million bushels of corn. If the market price of a bushel of corn is $3 and the farmer profit from selling a bushel is $2, we could estimate the damages from the hurricane using the market price approach as $Answermillion

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