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In a recent episode of Planet Money, NPR chronicles how the "miracle apple" Honeycrisp (developed at the U of M) revolutionized the apple industry.

Back in those days, apples were a commodity, and the race to provide apples at the lowest price suppressed prices for all apple growers and discouraged apple innovation. A few things helped change that world for the better — and chief among them was the discovery of the Honeycrisp.

Watch the NPR Planet Money video for the full story.