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Topic	Price gouging at grocery stores occurred during pandemic FTC says.
ClayGuida 03/25/24 6:36:58 PM #1:	https://www.usatoday.com/story/money/2024/03/21/ftc-report-grocery-chains-gouge/73059901007/ What we all knew. Large grocery store chains exploited product shortages during the pandemic by raising prices significantly more than needed to cover their added costs and they continue to reap excessive profits, according to a Federal Trade Commission report. The grocery giants also used their marketing power and leverage to widen their advantage over smaller competitors, according to the report, titled Feeding America in a Time of Crisis. As the pandemic illustrated, a major shock to the supply chain have cascading effects on consumers, including the prices they pay for groceries, FTC Chair Lina Kahn said in a statement. The FTC report examining US grocery supply chains finds that dominant firms used this moment to come out ahead at the expense of their competitors and the communities they serve. --- lolAmerica <cite>ClayGuida posted [p:979559678] in Price goug... [t:80730560]...</cite> <quote>https://www.usatoday.com/story/money/2024/03/21/ftc-report-grocery-chains-gouge/73059901007/What we all knew. <quote>Large grocery store chains exploited product shortages during the pandemic by raising prices significantly more than needed to cover their added costs and they continue to reap excessive profits, according to a Federal Trade Commission report.The grocery giants also used their marketing power and leverage to widen their advantage over smaller competitors, according to the report, titled Feeding America in a Time of Crisis.As the pandemic illustrated, a major shock to the supply chain have cascading effects on consumers, including the prices they pay for groceries, FTC Chair Lina Kahn said in a statement. The FTC report examining US grocery supply chains finds that dominant firms used this moment to come out ahead at the expense of their competitors and the communities they serve.</quote> --- lolAmerica</quote> ... Copied to Clipboard!
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