Perfect competition better characterizes markets in general

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Why are farmers paid so little? The price of agricultural goods like chickens and coffee has been falling for decades and the share going to farmers has also been falling. What is the "Global division of labor" in food products? Why are a few large multinational food companies like Tyson or Perdue able to capture a growing share of income in agriculture? If they are making monopoly profits, why don't new companies enter the market to drive up prices for produces and drives down corporate profits? Do you think that there is a general lesson here? If there is monopoly power in agriculture, do you think monopoly or perfect competition better characterizes markets in general?

Reference no: EM132145551

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