• AA5B@lemmy.world
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    6 months ago

    So the questions are collusion and abuse of a monopoly. Is that happening? Price gouging is not illegal, but competition usually limits it, if there is effective competition.

    We’ve had similar ridiculous inflation as everyone else, but this is not an area dominated by one chain. We have several major chains and Walmart is just one of them: are they all colluding? Is there some vast conspiracy? Within the confines of the new much higher prices they seem to be competing as much as before

    • ShaggySnacks@lemmy.myserv.one
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      6 months ago

      When there are enough corporations to fit a boardroom table. Competition doesn’t exist.

      It’s well within reason to think that many of Executives all attend the same events, have overlapping social circles, and moved around positions between the corporations.

      All it takes is one company to get away with higher prices for the other companies follow suit.