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Determining the cotton-farmers organization

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Texas cotton farmers suffer from hail storms. The federal government provides hail insurance. An entrepreneur has discovered a way  to seed thunderclouds so as to prevent them from producing hail. The entrepreneur wishes to sell its invention to the government or to a cotton-farmers organization. Both argue that because farmers can buy insurance against hail damage, there is no need to spend money to prevent hail storms. Is this argument correct? Make a case for your answer.

Reference no: EM13887998

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