It’s greed plus tacit coordination. If all the companies in an industry raise prices at the same time, and almost none of them defect by unilaterally lowering prices, then they can all increase prices together. One theory is that markets are too concentrated now so tacit coordination during inflationary periods are easier.
It’s greed plus tacit coordination. If all the companies in an industry raise prices at the same time, and almost none of them defect by unilaterally lowering prices, then they can all increase prices together. One theory is that markets are too concentrated now so tacit coordination during inflationary periods are easier.