____ mean that the costs involved cannot be recouped for a considerable period of time

The figure above shows the market for cotton in Georgestan. The government regulates the market with a production quota set at 8 million pounds per year. The price of cotton in Georgestan is

A) 30 cents per pound. B) 40 cents per pound. C) 60 cents per pound. D) 50 cents per pound.

The lack of long-term economic development in LDCs is evidence that economic markets fail to function efficiently

Indicate whether the statement is true or false