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Economics Suppose we are trying to decide if the geographic extent of the local market for fresh milk is X County. Accordingly, we find: X
Economics Suppose we are trying to decide if the geographic extent of the local market for fresh milk is X County. Accordingly, we find: X County fresh milk supply (i.e., production) 2 10 million gallons, X County fresh milk consumption 2 5 million gallons, and local fresh milk consumption from local cement supply 2 3 million gallons. Accordingly, it is reasonable to define the local extent of the market for fresh milk as X County. A. True B. False
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