Australian industries are dominated by four or fewer businesses, at a much higher rate than in the United States, independent analysis has found.
Markets including home appliance retailing and service stations have become more concentrated and less competitive over the past 15 years, independent analysis has found, with the nation’s consumers paying for the change through higher prices.
The e61 research, which canvassed changes in market concentration since 2007, found many Australian industries were dominated by four or fewer businesses, at a much higher rate than in the United States. Those concentrated markets also showed anticompetitive behaviour, with e61 finding more infringement notices from the Australian Competition and Consumer Commission in those areas than ones with more competition.The think tank looked specifically at the service station market, finding that outlets kept prices higher for longer where they faced less nearby competition. It found this sector had undergone one of the biggest increases in market concentration since 2007.
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