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How much is the us government paying in subsidies

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Producer surplus at the 2001 price and quantity

Using the supply curve you estimated in Task 5, compute the producer surplus for individual countries at the 2001 market price of $0.42 per pound. (Hint: In computing the producer surplus for the U.S., you will need to factor in the impact of subsidies.) How much is the US. government paying in subsidies to US. growers?

Reference no: EM133130655

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