Question: 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

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 in the sense in which the chapter defines it?

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