Describe why this is inefficient

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Reference no: EM133666062

Problem: In the handout, Landsburg argues that if the last bushel of wheat produced by Farmer A costs $15 and the last bushel of wheat produced by Farmer B costs $5, this is an inefficient outcome. In 4 to 6 sentences, describe why this is inefficient. Are there any conditions under which this is the efficient outcome?

Reference no: EM133666062

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