Question: 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

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 business publications to find out how successful the United Potato Growers of America cooperative has been since the time of this chapter's case study.

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