Perhaps a good first lesson is that: things are often not what they seem. The following true statements provide an example.
“If a farmer works hard and nature cooperates in producing a bumper crop total farm income may fall and probably will.”
“Higher prices for one industry may benefit its firms; but if the prices of everything bought and sold increased in the same proportion, no one would be better off.”
“It may pay a firm to take on some business at much less than full coats.”….
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