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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 ]
"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)
These accusations further intensified on a February 2024 episode of news program Four Corners, which exposed accusations of price gouging between both Coles and Woolworths Supermarkets, which form an alleged duopoly colloquially known as Colesworth. [35]
It is also called oligopolistic price coordination [6] or tacit parallelism. [7] A dataset of gasoline prices of BP, Caltex, Woolworths, Coles, and Gull from Perth gathered in the years 2001 to 2015 was used to show by statistical analysis the tacit collusion between these retailers. [8]
A duopoly (from Greek δύο, duo ' two '; and πωλεῖν, polein ' to sell ') is a type of oligopoly where two firms have dominant or exclusive control over a market, and most (if not all) of the competition within that market occurs directly between them. Duopoly is the most commonly studied form of oligopoly due to its simplicity.
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Price fixing ; Bid rigging; ... Duopoly: Oligopoly: Buyers: ... Coles and Woolworths control 70% of the national food market. [4] References
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