A justification for government price supports on agricultural products that economists generally accept as potentially legitimate is

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The justification for government price supports on agricultural products that economists generally accept as potentially legitimate is that the price variability needs to be dampened. This is to stabilize prices and protect farmers from sudden price shocks and unpredictability. However, it is important to note that while this justification may be acceptable in theory, in practice, price supports can lead to inefficiencies, distortions, and unintended consequences.

A Justification for Government Price Supports on Agricultural Products That