3 ms·
> If suddenly it started producing double the eggs you'd pay up to $200 or someone else would outbid you. This makes a lot of assumptions about the market bein
by mullingitover 4y ago
> If suddenly it started producing double the eggs you'd pay up to $200 or someone else would outbid you.
This makes a lot of assumptions about the market being perfectly competitive, which is a bit of a stretch. The past four decades have been marked by consolidation and reduction of competition, and the largest firms have profit margins that aren't at all indicative of healthy competition.