This paper discusses several aspects of the linkage between U.S. dairy policies and imperfect competition in dairy industry. Some key facts about the U.S. dairy industry as well as the products, marketing channels and potential for imperfect competition in each of several dairy products markets are discussed. This paper outlines the issues and considers some specific topics in the relation between dairy policy and market power or imperfect competition. This paper It is suggesteds that market power may be found among several players in several dairy markets.

• Daniel A. Summer
• Byeong-Il Ahn Corresponding author