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Short essay a) Many developing countries do not allow the prices of some agricultural good to fall below a minimum, why? How do they achieve

Short essay

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a) Many developing countries do not allow the prices of some agricultural good to fall below a minimum, why? How do they achieve their objective? Do you think that providing farm subsidies is a better instrument to promote economic interests of the country than fixing price floors? Give reasons for your answer. (10 marks)

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