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The Weinandt Family Farm in Wynot, NE raises livestock and grows crops. Corn and soybeans are crops commonly grown in Nebraska. Suppose you are helping
The Weinandt Family Farm in Wynot, NE raises livestock and grows crops. Corn and soybeans are crops commonly grown in Nebraska. Suppose you are helping a farm similar to the Weinandt Farm make decisions about how much corn to grow this year. Because corn is an agricultural product, this market meets the requirements of a perfectly competitive market.Casey's General Stores is a chain of convenience stores along with gas stations that was based in Ankey, IA and now has convenience marts all over the midwest. In small towns, there may only be 1 or two gas stations; however, in larger towns many gas stations compete with each other. One signature of gas stations is that prices per gallon are displayed on large signs
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