Market concentration is the power wielded by Food Processors and supermarkets and can pertain to food waste.

Question

Quizplus · Accepted Answer

Market concentration refers to the degree of control or market power held by a few large companies, such as food processors and supermarkets, over a particular market. This concentration can indeed pertain to food waste, as these dominant players can influence practices, standards, and policies that may lead to increased food waste through stringent quality standards, overproduction, and other mechanisms.

Market Concentration Is the Power Wielded by Food Processors and Supermarkets