The creation of dominant firm market power in the coconut oil export market
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Legal and institutional changes that centralized control of the Philippine coconut oil refining and exporting industries enabled the Philippines to exercise some of its potential dominant-firm market power. If the elasticity of demand for coconut oil continues to increase. in part due to concerns about the health risks from eating saturated fats. Philippine exports will increase slightly while the price and Philippine revenue will fall significantly within the next decade.