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Suppose Ghana imports apples from South Africa. The world price for apples is $2 per pound. However, the domestic price for apples in Ghana is
Suppose Ghana imports apples from South Africa. The world price for apples is $2 per pound. However, the domestic price for apples in Ghana is $3 per pound. Ghana is a small country and does not influence the world price of apples. However, the government of Ghana wants consumers to pay a price for apples that is exactly equal to the world price. What pricing policy can the government implement so that domestic consumers pay exactly $2 per pound for apples? Group of answer choices Offer a $1 subsidy to each consumer for every pound of apples purchased The government imports apples from South Africa at $2 per pound and sells them directly to consumers at $2 per pound. Both a and b None of the above
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