Explain how the inflation of milk has compared to the overall inflation rate from 1997-2021.

Need research paper on the analysis of the Milk Market from 1997-2021. Three seperate sections as follows:
The Milk Market
Market is very unique and fits the description for all three market types, paragraph for each of these and how the market could be any of these 3
Pure competition – homogeneous product, freedom of entry, lost of buyers and sellers, no one can affect the price
Monopolistic-NJ brass fed cows supposed to be the best through advertising creating a strong brand recognition through advertising
Oligopoly – milk market controlled by 4 producers
– In the case of market failure/ govt intervention- bailouts for farmers
The Inflation of Milk
⁃ Milk has different inflation than regular inflation
⁃ How the inflation of milk has compared to the overall inflation rate from 1997-2021
⁃ Milk price inflation, 1997→2021 (in2013dollars.com)
Substitutes
⁃ Market for traditional milk continues to decline (substitutes)but overall consumption for dairy products has increased (cheese increase, producing milk into other products)
⁃ Milk has become more elastic over the years due to substitutes
https://www.wsj.com/articles/california-dairy-farmers-struggle-to-stay-in-the-got-milk-state-11638732148

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