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Australia has a quite intense supermarket sector. The practices of Woolworths and Coles – the big two supermarkets pose influence on retail and food production at the local level. (Keith, 2012) The main responsibility of ACCC is to make certain that businesses as well as individuals are in compliance with competition in Australian, fair trading, as well as protection laws. (ACCC, 2014) Several practices of Woolworths have been portrayed as predatory by the ACCC – including the laundry cartel, fuel dockets, or misuse in the duopoly market.
Role of ACCC
ACCC has an evident role to play in the issue and their stance ones well with the purpose with which they have been established.
The competitive market augments the welfare and opulence of the consumers of Australia. ACCC is required to provide protection; strength as well as supplementation to ho the competition is executed in the markets of Australia for enhancing the economic efficiency and for augmenting the welfare of people o9f Australia. This means that ACCC could take all the required actions where it enhances welfare of consumers, defends competition or brings an end to conduct, which is harmful to consumers or is anti-competitive.
The main goals of ACCC are:
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