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22 October, 00:42

Do you think that the dairy industry is an example of a purely competitive market?

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  1. 22 October, 00:48
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    Normally purely competitive markets are luxuries. Dairy is necessary for children and adults to get their daily calcium and vitamin d (among other things). In the current market, families can choose vegan, vegetarian, or non-lactose choices for milk, ice cream, etc. Essentially this product is regulated by the government and maintains a low cost even when other "necessary" items go up.

    Jmo
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