The upward-sloping long-run supply curve for cotton, Econometrics

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The upward-sloping long-run supply curve for cotton

The "Upward-Sloping Long-Run Supply Curve for Cotton" application shows a supply curve for cotton. Discuss the equilibrium if the world demand curve crosses this supply curve in either

(a) a flat section labeled Brazil or

(b) the following vertical section. What do farms in the United States do?

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Econometrics: The upward-sloping long-run supply curve for cotton

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Econometrics: The upward-sloping long-run supply curve for cotton

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