Even though this article is about the U.S. there is a clear parallel with the Canadian food industry.
Economists have a metric known as the “four-firm concentration ratio,” sometimes deployed in shorthand as “CR4.” It is a measure of competitiveness in a market for goods or services. When four companies gain a combined market share that is greater than 40 percent, an oligopoly has formed.
do we not already have one?
Yes. That’s why I posted this. It’s so blatantly evident in Canada. And it doesn’t stop at the food industry. We could add telecom in there as well. And what else?
Trains
Commons did a whole season on Monopolies in Canada. Unfortunately, there’s quite a few.
Our oil and gas is controlled by a cartel (OPEC)! I think there was an example for our milk or bread in particular as well.
If there’s food on your table, thank a farmer. Companies like Lowblows, can go and monopolize bad haircuts and sweater vests.
Isn’t May, dont shop at Loblaws Month?
Hahahahahaha like some people have a choice.
I am sure some don’t but there are people I know that shop at loblows and complain about ever increasing pricing, while a block over there is an independently owned grocer with much lower prices. i.e. Loblaws Peppers in 4 pack $10.99 , next door throw 4 peppers in a bag, comes to $3.90 by weight.
