> How was tobacco a monopoly? https://en.wikipedia.org/wiki/United_States_v._American_Tobacco_Co https://en.wikipedia.org/wiki/United_States_v._American_Toba..

> How was tobacco a monopoly? https://en.wikipedia.org/wiki/United_States_v._American_Tobacco_Co https://en.wikipedia.org/wiki/United_States_v._American_Toba.... > And if it were a monopoly why was it profitable to farmers instead of the monopolist squeezing the farmers? The monopolists did squeeze the farmers. It was still profitable for the farmers, but under what a fair market rate would be. Just because you're getting paid enough to keep going doesn't mean you're getting a fair rate. It's sort of like the SF tech anti poaching. No one denies that SF engineers get paid a lot. That also doesn't mean that they didn't get shafted out of thousands by a wage fixing scheme.