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Packers and Stockyards Act
- The Packers and Stockyards Act provides added protections for farmers against unfair practices.
- This act focuses on fairness, unlike antitrust laws that solely focus on competition.
Shifting Antitrust Focus
- Antitrust policy has shifted from solely focusing on consumer welfare to considering broader impacts.
- Monopsony, where there's one major buyer, is now a key concern, not just monopoly.
Monopsony's Double-Edged Sword
- Monopsony power can harm both producers and consumers.
- By buying less to lower prices, monopsonists reduce demand and limit consumer supply.


