Source: SOUTHERN FARM NETWORK, 9/21/20


Mary: This is Mary Walden with economist MW welcoming you to the economic perspective. Today’s program looks at price determinants.  Mike, on one of our recent walks we had a conversation about prices.  I argued that the price of anything should be determined by costs of making that product or service plus a modest profit.  You argued I was only looking at half the equation.   Please explain.

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