Read: Grocery retailers dominant role in evolving world food markets
Agriculture is one of the few industries cited as example of perfect competitive markets. However, this concept is changing over time. Read the article by Sexton and discuss the following:
- What are the consequences to the farmers and to the consumers of increased concentration in retailing and processing industry?
- After reading this article, what do you believe is the tendency for the agriculture industry, would it still be a perfect competitive market?
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