• frightful_hobgoblin@lemmy.ml
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    1 month ago

    efficiency ≠ price

    you’ve glossed over a lot of economics. Like, for one thing, the EU gives about €55 billion in agricultural subsidies a year.

    • BlackLaZoR@fedia.io
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      1 month ago

      Cost of production puts a lower bound on the price. In case of competitive industries, price floats just above that limit