The Canadian government intervenes in agriculture markets in multiple ways under a system called â€œsupply managementâ€ (see more details if you are interested at https://www.cbc.ca/news/politics/canada-supply-management-explainer-1.4708341).One of the ways is to impose a price ï¬‚oor for milk. Discuss arguments for and against Canadaâ€™s price ï¬‚oor for milk. Explain why the actual loss caused by the price ï¬‚oor may be even larger than the deadweight loss.
Please give a concise 150-200 word response. you need to satisfy (1) the clarity of your response, (2) the organization/grammar, and (3) the strength of arguments.