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This type of saturation in the market even affects the level of competition. That doesn’t mean that it affect substation necessarily, because if a substitution would occur it would most likely be the type of meat not the producing and packing company.
Bargaining Power of Suppliers
The market is dominated by a number of large suppliers rather than a fragmented source of supply, this gives suppliers the power to set and control price. This means that the industry lacks the type of competition that affects price directly, because of the high number of real competitors and the unlikelihood of vertical integration the industry is constantly improving quality...
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