Chapter #3: Welfare Economics - Agricultural and Resource ...
Chapter #3: Welfare Economics - Agricultural and Resource ...
Chapter #3: Welfare Economics - Agricultural and Resource ...
SHOW LESS
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Welfare</strong> under Middlemen<br />
A middleman is the only buyer <strong>and</strong> seller of product.<br />
Q MM = middlemen output<br />
S<br />
PMM = price paid by middlemen to suppliers<br />
B<br />
PMM = price paid to middlemen by buyers<br />
B S<br />
PMM CE PMM = middlemen profit<br />
7
Change language