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apadong apadong
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6 years ago
Initially the beef and mutton markets are in equilibrium, then preferences shift away from beef and into mutton. If you are a cattle rancher, the best profit-maximizing strategy is to
A) shift some of your ranching capacity into cattle raising.
B) shut down.
C) increase output so as to increase your market share.
D) decrease output so as to minimize short run losses.
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goldlilysgoldlilys
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6 years ago
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apadong Author
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#2
6 years ago
Thx very much
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#3
4 years ago
Thanks
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#4
3 years ago
Thank you!
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