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(Solved): Green Harvest Farms is a small agricultural farm that specializes in growing a unique and highly so ...
Green Harvest Farms is a small agricultural farm that specializes in growing a unique and highly sought-after variety of organic tomatoes. These tomatoes have gained immense popularity due to their exceptional taste and quality. The market for Green Harvest Farms' organic tomatoes is characterized by a perfectly elastic demand curve. This means that no matter how much they produce, they can sell all their tomatoes at the same market price without affecting the price. If Green Harvest Farms faces a perfectly elastic demand curve for its organic tomatoes, then: a) MR=AR=P b) MR=AR=TR/P c) MR=TR×P d) MR=AR×P