Plugging the Holes in the Cheese Monopoly

Canceling VAT on basic goods would mean bolstering Tnuva and other companies' control over their markets.

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One of the best-selling cheeses in Israel, Tnuva’s Emek brand, is sold in stores throughout the country at the regulated price of 45.45 shekels ($11.43) per kilogram. That is just about the lowest price for...