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This either means that they have a cartel (which is illegal), or they effectively had no choice for some reason or another. ("Inflation" is such a nebulous conc
by BlueTemplar 3y ago
This either means that they have a cartel (which is illegal), or they effectively had no choice for some reason or another. ("Inflation" is such a nebulous concept...)
- tyingq 3y agoThere's quite a few stories outlining how many companies are taking advantage of the "cover" of inflation to take on additional margin. Like, they see cost increases of 5% on their side, but raise prices 10%. It doesn't require a cartel for every notable supplier in a market to have the same idea.
- BlueTemplar 3y agoExcept they will be immediately undercut by someone that did NOT raise prices !
- tyingq 3y agoExcept it's happened, and recently, and the quasi-cartel holds.
- BlueTemplar 3y agoIf it holds, what makes you think it's not a cartel ?