> in a competitive market Yes, hence my point about semiconductor fabs vs. hen cloacas. You can’t just point to a single product type undergoing a price shock

> in a competitive market Yes, hence my point about semiconductor fabs vs. hen cloacas. You can’t just point to a single product type undergoing a price shock and declare the market has failed. Preferences are sticky, but substitutes abound. People will adjust their preferences, and egg consumption will drop. If prices stay high, other products will begin to take the place of eggs in various contexts. We aren’t entitled to cheap eggs, but neither are the producers guaranteed record profits beyond a quarter or two. This too shall pass.