QUESTION 6 7 point Read the article titled "Cattle Ranchers Take Aim at Meatpackers' Dominance" by Patrick Thomas, March 21, 2022. URL: https /www.wej com/articles/cattle-ranchers.meatpackers-boot.price-inflation-11647874135 The statements below summarize the contents in the article, except @ Meatpacking companies buy most of their cattle through forward contracts that have prices doformingd in advance. @ The meatpackers have substantial market power because 4 large firms process about 85 percent of the cattle in the U.S. U.S. consumers are shifting away from meat consumption as they are increasingly health-conscious and are demanding better animal welfare New meatpacking companies tend to have higher costs and that makes it hard for them to compete with the large incumbent finns that have economies of scale