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Assume, due to overexploitation, much of the land in Kenia becomes useless to grow cacao tree. As as result, the cocoa production in Kenia, and
Assume, due to overexploitation, much of the land in Kenia becomes useless to grow cacao tree. As as result, the cocoa production in Kenia, and their relative price increases. 1. Show in PPF how this change can improve a welfare in Kenia. 2. Show in PPF how this change can reduce a welfare in Kenia
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