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Duopoly is the most commonly studied form of oligopoly due to its simplicity. ... Woolworths and Coles in the Australian supermarket market;
Coles has been accused by suppliers of using heavy-handed tactics when dealing with its suppliers. [33] A 2004 investigation by the Australian Competition & Consumer Commission did not result in any action being brought against Coles and Woolworths.
Tacit collusion is best understood in the context of a duopoly and the concept of game theory (namely, Nash equilibrium). Let's take an example of two firms A and B, who both play an advertising game over an indefinite number of periods (effectively saying 'infinitely many'). Both of the firms' payoffs are contingent upon their own action, but ...
Woolworths New Zealand Limited (formerly Progressive Enterprises) is the second largest grocery company in New Zealand (behind Foodstuffs), with revenue of NZ$6.2 billion for the year to June 2018. Alongside Foodstuffs, Woolworths NZ forms part of the New Zealand supermarket duopoly .
"Duopoly money : Coles, Woolworths and the price we pay for their domination". The Monthly. 103: 20– 31. August 2014. [3] Supermarket Monsters: The Price of Coles' and Woolworths' Dominance (2015) The Keepers: The players at the heart of Australian cricket (2015) Phillip Hughes: The Official Biography (co-authored with Peter Lalor) (2015)
Both Woolworths and Coles Supermarkets have come under scrutiny in 2023–2025 due to their alleged collaboration in price gouging. Together, the two form a duopoly in the Australian supermarket industry colloquially known as Colesworth. [ 75 ]
Woolworths Food Company, or Woolworths FoodCo, is the division responsible for developing new product categories, improving fresh meat supply and processing facilities, and developing strategic sourcing relationships with Woolworths’ primary industry partners. [15] It produces the Woolworths 'Woolworths Own and Exclusive' Private label products.
The building formerly occupied by the original Coles Variety Store is now the location of a Woolworths outlet – the major competitor to Coles. Coles was run in succession by members of the Coles family from 1914 until the mid-1970s by the "famous five knights", brothers Sir George, Sir Arthur , Sir Edgar, Sir Kenneth and Sir Norman – known ...