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> supermarkets increased the price a little bit explicitly to help them out How is this different from normal supply and demand?
by niij 8y ago
> supermarkets increased the price a little bit explicitly to help them out
How is this different from normal supply and demand?
- sjwright 8y agoBecause the supermarkets are a oligopsony. This distorts the market.
- benj111 8y agoI thought you'd spelled oligopoly incorrectly, then I googled. I've done a business studies degree so surprised I hadn't come across the term. TIL. https://en.m.wikipedia.org/wiki/Oligopsony https://en.m.wikipedia.org/wiki/Oligopsony
- quickthrower2 8y agoActually I looked more closely today and they sell two supermarket branded milk cartons: one with the donation of 10% added to the price and the regular milk. Same stuff inside I presume!