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The U.S. Food and Tobacco Manufacturing Industries: Market Structure, Structural Change, and Economic Performance

机译:美国食品和烟草制造业:市场结构,结构变化和经济表现

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The major conclusions the National Commission on Food Marketing made in 1966 about trends in the industrial organization of the U.S. food manufacturing industries are still valid. Company numbers are declining, average market concentration is among the highest in the manufacturing sector and is rising, product diversification has risen, food advertising has more than doubled, and the profitability of very large firms has remained higher than that of smaller firms. Foreign investment is substantial and rapidly growing, most food media advertising is on TV, profit rates have risen by over 50 percent in the last 25 years, and the monopoly overcharge on processed foods is about 10 percent.

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