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Pietro AA

Gov't urged to abolish NFA monopoly | Inquirer Business - 1 views

  • “costly, impractical and discredited” rice self-sufficiency policy and has sought the abolition of the monopoly of the National Food Authority (NFA) on rice importation.
  • reforms in the country’s policy on rice procurement were necessary to “improve the welfare of consumers, to foster agricultural growth, to reduce graft and corruption and truly implement ‘Daang Matuwid’ (righteous path).”
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    I just read this incredibke article that has to do with many things in microecon. It talks aboup the rice industry in the philippines. More specifically, about the competition between the local producers and a monopoly that involves importation. It is an actual situation where you have Monopoly vs. perfect competition. You should read it!!!
Pietro AA

Breaking America's meat monopoly - Chicago Sun-Times - 0 views

  • Breaking America’s meat monopoly
  • The quest for cheap meat has resulted in a ruthless market that has left 85 percent of supply in the hands of five companies.
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    I found this article interesting even if it still has to do with microeconomics. I tals about the meat monopolistic competition in U.S. that is more of a monopoly than a perfect competition. It describes how the monopoly have negative externalitites because of poor animal treatment and conludes by stating that the market should become more competitive and differentiated.
Daniel B

Trucks - 0 views

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    This article shows the best current example of perfectly competitive market which occurs in India on the market of buses, trucks, lorries and light vehicle. It is caused by the great number of companies which take part in this market.
Hardy Hewson

Google Buys Waze for $1bn - 0 views

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    This article published in the Telegraph regards the purchase of up-and-coming Israeli mapping program Waze for an estimated $1bn. The move is one that serves to increase Google's monopolistic stance in the digital mapping industry, as the purchase restricts the availability of effective substitutes to map services owned by Google.
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