After decades of consolidation, just four firms now control at least 97 percent of the $68 billion frozen potato market. A new spate of antitrust lawsuits accuses them of brazen price-fixing.
IDK why you are downvoted, my first thought was that a company tried the same here in Denmark with fried onions.
It’s idiocy to try to monopolize a market, with very low threshold for entry. If their cartel manages to increase prices to have higher profits than they should, it’s very easy for a competitor to step in.
They may have a sort of cartel, but they are pretty limited in how far they can go with that. What they can do, is avoid bankrupting each other with constant price wars.
IDK why you are downvoted, my first thought was that a company tried the same here in Denmark with fried onions.
It’s idiocy to try to monopolize a market, with very low threshold for entry. If their cartel manages to increase prices to have higher profits than they should, it’s very easy for a competitor to step in.
They may have a sort of cartel, but they are pretty limited in how far they can go with that. What they can do, is avoid bankrupting each other with constant price wars.