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Nov 23, 2024
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AREC 550 - Microeconomic Applications to Agricultural and Resource Markets3 Credit Hours
Microeconomic concepts, tools, and decision making approaches for agricultural and natural resource markets; competitive market analysis, strategies by sellers, including price and non-price competition, vertical coordination, market segmentation, and advertising; examination of demand and buyer behavior, including market participation, contingent valuation, and willingness to pay; role of information and innovations in markets.
(RE) Prerequisite(s): 505 and 524 or consent of instructor.
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