The consumer watchdog finds Australia's supermarkets are more profitable than their global peers and the two majors don't need to compete "vigorously", but the ACCC stops short of declaring grocery prices excessive.
Interesting reading the article. Would be good to see the complete ACCC report.
That was tried here, and the guy couldn’t get contracts with suppliers. They didn’t want to endanger their contracts with the Woolies and Foodstuffs.
Those sort of exclusivity deals should be made illegal.
Unfortunately, a Duopsony is just as destructive to the market as a Duopoly.
They are illegal.
But by the time the courts have heard the case, the business is already bust.