This article shows why dairy farms are losing profit while food companies are making a lot of money. This is a good example of imperfect competition. Dairy farmers hope to reverse this trend with antitrust regulation. Because many dairy farmers are going out of business, there are fewer suppliers in the market, leading to less competition. While dairy farmers struggle more and more each month, the food industry is making higher profits because they are able to raise their price.
ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN PROF. SKOSPLES' ECONOMIC SYSTEMS COURSE AT OHIO WESLEYAN UNIVERSITY
Sunday, October 4, 2009
Struggling farmers not getting a fair share of the retail food dollar, some agriculture experts say
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