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Introduction
Economics is in essence concerned with how we grow the pie , and how we divide the pie . The importance of the latter has for a number of economists waned in recent years, which is unfortunate.
The ACCC does not directly target economic growth or inequality, but our work has important implications for both. For example, a lack of competition will see less investment, innovation and lower productivity. Unchallenged economic rents, of course, favour those who benefit from them at the cost of those who do not.
These points are more important than ever with the continuing effect of and recovery from COVID-19.
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Ever wanted an ice-cream other than Peters Drumstick , Maxibon , Connoisseur , Frosty Fruits or Billabong , at your local Woolworths Petrol, BP, Coles
Express, United and Caltex service stations, and wondered why you
can t find an alternative? Well a recent investigation by the
ACCC may shed some light on why
consumer options may have been limited and why may consumers have
more options in the future.
Proceedings initiated by the ACCC on 19 November 2020 allege
that Australasian Food Group Pty Ltd has contravened section 47 of
the
Competition and Consumer Act 2010 (Cth) (CCA). It is