Q Talk

[Group 5 minus 1]

Hubbs says price gouging does not happen unless there is a monoply. If more than one source then peeps buy it else where.

Its about choice (Ranger Walker was right).

Only PG when you HAVE to pay it (the price).

[tansy]

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@Group 5 minus 1 wrote:

Hubbs says price gouging does not happen unless there is a monoply. If more than one source then peeps buy it else where.

Its about choice (Ranger Walker was right).

Only PG when you HAVE to pay it (the price).

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So many of the major market chains own numerous markets,.  For example Kroger owns Fred Meyer's and QVC.  Safeway and Albertsons are the same.  There is no real competition to keep prices in line.

Countries around the world are experiencing higher inflation than the US.

[Desert Lily]

PRICE GOUGING...

Company Z has been using a regular markup of their lamps by 2 X's.

Cost of lamp at $10.00 X 2 = $20.00 retail.

Cost of inflation-affected lamp at $11.00 each X 2 = $22.00 retail

Then Company Z decides to take advantage of inflation by price gouging through a needless (greedy) increase in markup:

Cost of same lamp as above at $10 X 4 now = $40.00 retail

Cost of same lamp as above that is inflation-affected at $11.00 X 4 now = $44.00 retail

[geezerette]

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@tansy wrote:

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@Group 5 minus 1 wrote:

Hubbs says price gouging does not happen unless there is a monoply. If more than one source then peeps buy it else where.

Its about choice (Ranger Walker was right).

Only PG when you HAVE to pay it (the price).

---

So many of the major market chains own numerous markets,.  For example Kroger owns Fred Meyer's and QVC.  Safeway and Albertsons are the same.  There is no real competition to keep prices in line.

Countries around the world are experiencing higher inflation than the US.

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@tansy 

I think you mean QFC (Quality Food Centers, Inc), a regional supermarket chain.

[tansy]

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@geezerette wrote:

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@tansy wrote:

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@Group 5 minus 1 wrote:

Hubbs says price gouging does not happen unless there is a monoply. If more than one source then peeps buy it else where.

Its about choice (Ranger Walker was right).

Only PG when you HAVE to pay it (the price).

---

So many of the major market chains own numerous markets,.  For example Kroger owns Fred Meyer's and QVC.  Safeway and Albertsons are the same.  There is no real competition to keep prices in line.

Countries around the world are experiencing higher inflation than the US.

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@tansy 

I think you mean QFC (Quality Food Centers, Inc), a regional supermarket chain.

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LOL, yes, @geezerette, I definitely meant QFC!  I shopped there regularly 🥹 Thanks.

[annie57]

I know no other store that I shop at thatchanges prices on a daily bases like the Q does. Yes, items goon sale for a certain amount of time but go back to regular price then. Their prices are all over the place.

[THEY CallMe Mr Wilkes]

Amazon prices dynamically on an hour basis.

If not more frequently!

[annie57]

@THEY CallMe Mr Wilkes That is because there are many different sellers who you can purchase from.

[elated]

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@tansy wrote:

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@Group 5 minus 1 wrote:

Hubbs says price gouging does not happen unless there is a monoply. If more than one source then peeps buy it else where.

Its about choice (Ranger Walker was right).

Only PG when you HAVE to pay it (the price).

---

So many of the major market chains own numerous markets,.  For example Kroger owns Fred Meyer's and QVC.  Safeway and Albertsons are the same.  There is no real competition to keep prices in line.

Countries around the world are experiencing higher inflation than the US.

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What you have stated is untrue. Kroger's profit was 1.43%. There are so many factors involved that you have excluded.