EDITORIAL: Mission creep on price legislation could harm economy
Why would competition authorities use scarce staff resources on a temporary price hike that’s perfectly logical?
29 March 2021 - 05:05
That prices rise when demand for goods exceeds supply is one of the most basic principles of economics, an elementary principle that seems to have escaped SA’s Competition Commission.
The antitrust watchdog made headlines when it announced in January that it was investigating seven mainstream retailers for selling ginger and garlic at prices that were much higher than normal. ..
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