In re Tyson Foods, Inc.
District Court, W.D. Arkansas
1Opinion of the Court
*973MEMORANDUM OPINION
TIMOTHY L. BROOKS, UNITED STATES DISTRICT JUDGE
I. BACKGROUND
The ready-to-cook chicken that you buy at your local grocery store is called a *974broiler chicken. Demand for broiler chicken has remained relatively constant, rising slightly but steadily since the 1950s. Furthermore, demand for broiler chicken has been inelastic; that is, insensitive to changes in price. The price for chicken may rise or drop, but the number of consumers who buy chicken remains about the same. As a result, industry-wide profitability is closely tethered to the price of chicken, rather than to…
2Cases cited54 opinions
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- T.W. Electrical Service, Inc. v. Pacific Electrical Contractors Ass'nCourt of Appeals for the Ninth Circuit · 1987
- Copperweld Corp. v. Independence Tube Corp.Supreme Court of the United States · 1984
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