Questions: 1. Is the market for coffee perfectly competitive? 2. Does the coffee market meet all six conditions of a perfectly competitive market? 3….

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Questions:1. Is the market for coffee perfectly competitive?2. Does the coffee market meet all six conditions of a perfectly   competitive market?3. Which factor is not represented?4. Do you buy the Starbuck’s argument that paying higher coffee prices   will increase demand and will ultimately increase the glut?5. Are the coffee growers operating at zero economic profit?

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