A subsidy will increase consumer and producer surplus in a market and will increase the quantity of

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A subsidy will increase consumer and producer surplus in a market and will increase the quantity of trades. Why, then, might a subsidy (such as a subsidy for producing corn in the United States) be considered inefficient?
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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