FTC head wants investigation into grocery stores over inflated prices
FTC head wants investigation into grocery stores over inflated prices
The federal regulator wants to see if grocery chains are ‘exploiting their power to inflate prices’
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Finally.
I hope it ends with better results than that poor attempt that they did in Canada.
Price fixing is temporary, and doomed to fail in the long term. Nixon tried it with an Executive Order and it was a disaster, causing supply chain constraints and prices shot well past inflation when the Order expired.
Congressional legislation setting grocery store presentation limits would increase brand variety, foster competitive pricing, and put an end to the corporate control over pricing.
What are presentation limits?
Limiting the number of products and facings in a store by percent of available retail space.
Limiting the number of products alone doesn’t suffice, because larger companies will pay retailers to increase the number of facings of a product to keep out competition in that product space.