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Increasing concentration in food processing has important economic implications for agricultural producers and consumers. This paper addresses the issue by focusing on a case where pure monopsony conditions appear to hold-catfish processing in West Alabama. Farm-level impacts of the market power...
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that there exists a contestable market. Contestable market theory shows that there is no monopoly power where there exists … a threat of entry of other firms. This theory thereby offers agricultural cooperatives, which may have a large market …
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