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Letters of Transmlttal
Profit Performance of Large Food Retailers
Market StructurePrice Performance Relationships
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acquired acquisitions advertising advertising-sales ratio Appendix Table average profits CCR4 Census CHMS coefficients competitive concen concentrated markets consumers division endogenous entry barriers estimated expected Federal Trade Commission firm concentration firm growth firm H firm market share firm's food chains Food Marketing food retailing four-firm concentration ratio grocery basket grocery chains grocery prices grocery retailers grocery store sales gross margins hypothesized included increased indicates industry influence Joint Economic Committee large chains leading firms market basket market concentration market growth market power market share RFMS market structure mergers models monopoly overcharges national brand negative oo oo operating percent level percent of sales percentage points period positive relationship price levels prices and profits profit rates profit-sales ratio profits and prices regression analysis relative firm market reported retail grocery Safeway sample SMSA statistically significant supermarket top four weighted wholesalers