Judd Legum1. Supermarket prices are up 13% in the last year and profits are at record highs
There isn't much competition to keep prices in check
Now, the nation's largest supermarket chain (@[email protected]) wants to buy the 2nd-largest (@[email protected])
What could go wrong?
Buying the competition
Over the last year, prices for groceries are up 13%. Meanwhile, the price of food at restaurants has increased more slowly at 8.5%. Why? Restaurants are a highly-competitive industry. The grocery industry, on the other hand, has been consolidating. The total number of grocery stores in the United States "
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