Mirror-like offering by supermarket giants may be stifling vigorous competition, ACCC report says
by Jonathan Barrett Senior business reporter from World news | The Guardian on (#6R169)
Australian Competition and Consumer Commission uses special information gathering powers to examine concerning' reports from grocery suppliers
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Australia's major supermarkets provide broadly similar products, prices and loyalty programs in an oligopolistic market that may limit incentives to compete vigorously, the competition regulator has found in its interim report on the sector.
The Australian Competition and Consumer Commission also said grocery suppliers had raised concerning" issues - such as being required to pay rebates for promotions to supermarkets - prompting the regulator to use its compulsory information gathering powers to examine the reported behaviour.
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