[RustyConsul]

i remember learning this in college. It's absolutely false now though. Late-stage capitalism has different ideas as those basic graphs don't take into account any amount of game theory. There's perfect competition in coffee but marginal cost the the end user does not anywhere approach marginal cost.

[kortilla]

> Late-stage capitalism has different ideas as those basic graphs don't take into account any amount of game theory.

This has nothing to do with late stage capitalism. The parent post misunderstands cost to the producer and the price charged for the end product.

> There's perfect competition in coffee but marginal cost the the end user does not anywhere approach marginal cost.

This is 100% bullshit if you actually care about coffee.