
The Growing Monopoly in the Corn Seed Industry
Author(s) -
Bethany K Sumpter
Publication year - 2021
Language(s) - English
DOI - 10.37419/lr.v8.i3.6
Subject(s) - monopoly , monopolistic competition , consolidation (business) , government (linguistics) , business , industrial organization , market economy , economics , marketing , finance , linguistics , philosophy
How a company conducts business is often a consumer concern. Individuals have accused company after company of monopolistic behavior. These individuals have also criticized the Department of Justice for not stopping a monopoly from forming in a specific industry. An example is the corn seed industry, where stakeholders have accused companies of monopolistic behavior. Recent mergers and acquisitions in the corn seed industry have left fewer companies in control, and because of this consolidation, individuals are urging the government to act. This Comment argues that, while the corn seed industry is on the road to containing a monopoly, the industry does not yet contain enough characteristics to warrant a government response. However, when a monopoly does form, the government should, and likely will, act.