The government of Marina sets floor prices for a wide range of farm products.The dairy farmers who purchased pasture lands after that legislation is passed will _____
A) end up earning a normal rate of return in the long run.
B) end up earning a zero rate of return in the long run.
C) end up earning a negative rate of return in the long run.
D) benefit substantially from the increased cost of pasture land used in dairy farming.
E) suffer losses from the increased barriers to entry to the family farm business.
Correct Answer:
Verified
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