Search for question
Question

1. Discuss how the facts in the opening case study

and 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 busi-

ness publications to find out how successful the

United Potato Growers of America cooperative

has been since the time of this chapter's case

study.