In Chapter 8 and Chapter 9, we began discussing markets. Two types of markets are oligopolies and monopolies. For this paper, you will discuss concerns in the agriculture industry that the meat processing plants in the U.S. are becoming an oligopoly.
In your paper, explain what an oligopoly is; how decisions about production are made in this type of market; pricing structures; and how competition is affected. Research regulations or laws that either help or limit competition in the meat processing industry, take into consideration current events, and how producers who use the services of meat processors are affected.
4-5 pages double-spaced. Title and reference page do not count towards overall paper length.
See syllabus for Rough Draft and Final paper due dates.
Body of Paper
References in APA format (APA format guide on D2L under Content)
Minimum of four references
Tips for your paper:
Organize your paper by grouping similar information
Proofread your final paper to check for spelling errors, grammatical errors, run on sentences, and other composition errors. Have someone else read it! We tend to write like we talk and can miss errors.
Use credible websites, magazines, or journals: .org, .edu, or .gov are considered credible. Blogs and Wikipedia are not credible sources.
Ask questions from your classmates, the Library, Tutoring services, or myself if you are unsure about something.
This news article from May 2020 offers one point of view on the topic: https://www.marketwatch.com/story/hedge-fund-blames-us-meat-processing-oligopoly-for-excessive-concentration-reduced-competition-anda-decline-in-resilience-2020-05-08
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