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The Pathology of Surveillance Pricing: The Role of Oligopoly and Market Failure
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The Pathology of Surveillance Pricing: The Role of Oligopoly and Market Failure
In recent months, public attention has returned to a business practice that many consumers intuitively recognize as unfair and has provoked varying attempts to regulate: surveillance pricing. Investigations into Instacart’s grocery pricing, along with renewed scrutiny of algorithmic pricing by the Federal Trade Commission (FTC), have revived concerns that firms increasingly tailor prices to individual consumers based not on cost or competition, …
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