Early in the last century, the federal government tried to create competition in the meatpacking industry by breaking up the five corporations that controlled it. The result is that four big corporations control it now: JBS, Tyson Foods, Cargill and National Beef Packing.
Might we conclude then that there are economies of scale in meatpacking and that thus it\’s a natural oligopoly?
Surely the issue is if it is a cartel or not…