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If the government is really intent on making farmers benefit from a price floor, it will need to: a. supervise carefully to make sure producers
If the government is really intent on making farmers benefit from a price floor, it will need to:
a. supervise carefully to make sure producers are not charging more than the regulation permits.
b. buy the surplus production.
c. increase taxes on producers.
d. issue vouchers to ensure everyone gets a fair share of the output.
I answered D. But it was incorrect, what is the right answer and why?
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