It hasn’t been a good week for Coles and Woolworths. On Monday, the Australian Competition and Consumer Commission (the national competition regulator or ACCC) announced it was taking legal action against the big supermarkets over alleged misleading pricing claims.
Now the ACCC has issued its interim report on the supermarket inquiry.
It reports the supermarket sector is highly concentrated and is an oligopoly. That means a market where just a few sellers control prices, at a cost to competition and consumers.
