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