Suppose that the price floor is initially higher than the world price, which is also higher than the autarky price. The reform of the CAP with the introduction of decoupled payments ensures that:

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compared to the situation before the reform, prices paid by European consumers are now higher

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compared to the situation before the reform, the prices paid by European consumers remain similar

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I don't know

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compared to the situation before the reform, prices paid by European consumers are now lower

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Suppose that the price floor is initially higher than the world price, which is ...

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