Question
Please answer ASAP and i will do instant thumbs-up for correct answer. In a fishing village, there are many producers producing dried shrimp. The dried
Please answer ASAP and i will do instant thumbs-up for correct answer.
In a fishing village, there are many producers producing dried shrimp. The dried shrimps are identical and each producer has only a small market share with no control over the price. Hence the dried shrimp market can be considered perfectly competitive.
There is a well-reputed medical report suggesting that eating dried shrimp may cause a harmful disease. Appraise the effect of this report on the dried shrimp market and a representative producer of dried shrimp in the short run equilibrium. Support your answers with suitable diagrams of the dried shrimp market and a representative producer of dried shrimp.
** Minimun 1 diagram or more is needed for dried shrimp market and 1 diagram or more is needed for a representative producer of dried shrimp**
**I understand that there are answers online which stated the answers for the above, which stated is the protein and etc, but the answers wasn't the ones my teacher is looking**
Kindly do not copy the answers that can be find online. I am re-asking and enquring because the answers wasn't really answering to the qquestion
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