Use of drones impact the firms costs and output

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Drones (unmanned aerial vehicles) are being developed for use on farms and ranches. If government regulations allow for their use by farmers, what would that mean for firms in the corn industry (a perfectly competitive market)? Specifically, how would the use of drones impact the firms’ costs and output? Would there be any impacts to entry and exit in the market?

Reference no: EM131161294

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