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A common example of a competitive market is farming. Supposedly all farmers are price takers. Yet we see today big business moving into farming and
A common example of a competitive market is farming. Supposedly all farmers are price takers. Yet we see today big business moving into farming and changing the market conditions. Consider two situations: Farmer Jones is in a perfectly competitive market for milk and Big Farm, Inc. has a monopoly on milk in a region
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Price theory and applications
Authors: Steven E landsburg
8th edition
538746459, 1133008321, 780538746458, 9781133008323, 978-0538746458
