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Determinants of Supply

Producer Expectations

Michael Bazulka

on 27 April 2010

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Transcript of Determinants of Supply

Producer Expectations Prodcers' expectations for the sale or revenue of their product. The U.S. and the USSR were involved in an arms race from around 1945 to 1990. Producers made bombs, guns, tanks and other weapons of mass destruction. They did not expect the world war to end and leave the country with so many un-used weapons.
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