Bam 223 unit 3 – 25 mcq’s with 1 written question:
(figure models is attached) 1) “Between 1997 and 2001, many apple farmers switched from traditional to organic growing methods, increasing production of organically grown apples from 1.2 million boxes per year to more than 3 million boxes.” If the market for organic apples is per fectly competitive, which of the following statements is inconsistent with the state ment above? a. Organic apple farmers earned short-run […]