Illustrate the lack of control over prices

Reference no: EM132192601

Question: Discuss how the facts in the subsequent discussion of the potato industry illustrate the lack of control over prices by individual potato producers in a competitive market, the response to high prices predicted by the model of perfect competition, and the attempts by producers in a competitive market to gain control over price. Check recent business publication to find out how successful the United Potato Growers of America cooperative has been in recent times.

Article: 1. UPDATED: Potato settlement doesn't include AWG (By The Packer)

2. Potato Growers, Associated Wholesale Grocers, settle lawsuit for $25 million

Reference no: EM132192601

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