A much-awaited report into Coles and Woolworths has found what many customers have long believed – Australia’s big supermarkets engage in price gouging.
The report makes some major recommendations, including giving courts the power to break up anti-competitive businesses, and strengthening the Australian Competition and Consumer Commission (ACCC).
But at this point it’s hard to say what, if anything, the recommendations will mean for everyday Australians and the prices they actually pay.
An article written by QUT researchers Bree Hurst, Carol Richards, Hope Johnson and Rudolf Messner discusses the report and what’s likely to happen next.
You can read the article in The Conversation.