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> There's no story about people price-fixing potatoes. Like these people? https://topclassactions.com/lawsuit-settlements/closed-settlements/fresh-potatoes-ant
by autoexec 2y ago
> There's no story about people price-fixing potatoes.
Like these people? https://topclassactions.com/lawsuit-settlements/closed-settlements/fresh-potatoes-antitrust-class-action-settlement/ https://topclassactions.com/lawsuit-settlements/closed-settl...
> for this to be explanatory, you have to show why, after HPAI outbreaks subside... prices come back down.
It doesn't matter if prices sometimes go down, what matters is why. As it turns out, the answer to that is collusion. https://apnews.com/article/egg-producers-price-gouging-lawsuit-conspiracy-be6919b3fb42bf2d9d3884d5e133e91d https://apnews.com/article/egg-producers-price-gouging-lawsu...
When companies work together to set prices they can lower them a little sometimes (while still increasing their profits) and ruthlessly gouge the hell of out consumers the rest of the time hopefully without raising too much suspicion.
- tptacek 2y agoThey sued every major potato producer in the United States and got a $5.5MM settlement.