In december 1992 the government began requiring that food, Business Economics

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In december 1992 the government began requiring that food

In December 1992, the government began requiring that food contain labels with nutritional information. The information had to be verified by independent laboratories. The price of verification was $20,000 per food item. What impact would this have on the market for a box of granola?

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Business Economics: In december 1992 the government began requiring that food

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