C03 · Lesson 6 of 22 · 15 min · 5 hands-on tasks
Perfect Competition
A snack craze has pushed popcorn-corn prices up 25%, and a supplier offers to lock in today's price for three years. Step into the shoes of a corn farmer who can't set the price, see how high prices pull new farms in, and work out where the price ends up in the long run.
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