Technical Bulletin

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The empirical evidence presented in this bulletin is mostly consistent with
competitive conduct. At the national level, our tests provide evidence of
competitive conduct in both the sale of final food products and the purchase of
farm ingredients. Also at the national level, the tests suggest that food industries
pay competitive prices for farm commodities. The results do not rule out
imperfectly competitive local markets, and they cannot be used to address
questions of relative market power ...