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You work for a bank lending to medium-sized farms producing wheat. Assume the wheat market is competitive (wheat is a commodity with a global market
You work for a bank lending to medium-sized farms producing wheat. Assume the wheat market is competitive (wheat is a commodity with a global market in which many countries import and export; the largest exporters are: Russia, the U.S., Canada, France, Ukraine, Australia, and Argentina). The largest importers are Indonesia, Egypt, Turkey, and China. Consider the market for wheat:
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