What Is at the Core of a "Land Grab

question 3

Multiple Choice

What is at the core of a "land grab"?

• A) Commercialization of agricultural as food production for global markets which requires land acquisition for large companies
• B) Dispossession of local farmers to particular parcels of land that have been used for a long time
• C) Involvement of governments that are pressured by multinational companies
• D) All of the above.

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Definitions:

Average Total Cost

The total cost divided by the quantity of output produced; a measure of cost per unit of output.

Maximum Profit

The highest possible financial gain that a firm can achieve from its operations.

Deadweight Loss

The decrease in economic performance that happens when a good or service fails to meet or cannot attain its optimal distribution point.

Marginal Cost

The cost of producing one additional unit of a good or service, considering all variable resources used in production.