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All the Supply of Peppermint Oil Is Produced from Mint

Question 126

Essay

All the supply of peppermint oil is produced from mint plants grown in one county by several competitive growers (the number of growers is not limited).The quality of land in the county varies greatly.Would you expect the long-run market supply curve to slope upward,downward,or remain constant? Why?

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The long-run market supply curve will sl...

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