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Only if there’s a bread cartel. Otherwise it’ll sell at a much lower equilibrium price, as anyone who can undercut him will take all his sales while still profi
by atdrummond 5y ago
Only if there’s a bread cartel. Otherwise it’ll sell at a much lower equilibrium price, as anyone who can undercut him will take all his sales while still profiting (as marginal cost of additional bread production is well below $1000).
- anamax 5y agoThere's always a bread cartel. In this case, what fool would make bread when they can get $1000 by sitting around and smoking weed?