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Pricing for agricultural goods

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Would you expect there to be a price difference if agricultural commodities are homogeneous? Justify the answer

If there is a difference of prices between two states for commodities, how would you account for it?

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Solution Summary

The solution discusses whether a price difference would exist if agricultural commodities are homogeneous

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If products are homogeneous, they are exactly the same. Thus, any attempt to raise the price by one producer would result in all his customers going to his competitors. So prices should be exactly the same for ...

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