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News@lemmy.world · 1 year ago

US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

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US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

NegativeNull@lemmy.world to

News@lemmy.world · 1 year ago

cross-posted to:
news@kbin.social

Why? The Federal Trade Commission says the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans.

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1 year ago
Depends on where you live. It would be a 100% monopoly on groceries in various parts of the US where they reside. A monopoly doesn’t need to be national for it to be one.

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