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Australia Coles' cigarette stoush: Supermarket giant is sued over claims it sells smokes at less than the cost price to push tobacconists out of business - but Woolworths is even CHEAPER

06:01  18 february  2020
06:01  18 february  2020 Source:   dailymail.co.uk

'Might just grab a basket!' Horrified shopper finds an enormous python hiding between trolleys at Coles

  'Might just grab a basket!' Horrified shopper finds an enormous python hiding between trolleys at Coles The woman was shopping at Everton Park Coles, in Brisbane's north, on Saturday when she found the snake lodged between the two trolleys.The Brisbane woman was shopping at Everton Park Coles, in the city's north, on Saturday when she found the snake.

Coles ' cigarette stoush : Supermarket giant is sued over claims it sells smokes at less than the cost Coles sued for putting local tobacconists out of business over cigarette prices . Michael Rachelle said he had to sell his business for ,000 after paying more than ,000 to set it up.

A Woolworths worker has revealed how the supermarket giant makes its .90 hot roast chicken. The chains went head-to-head in January and both slashed the cost of their hot roast chicken by at least in what Coles permanently dropped its family hot roast chicken price from to , but

The trio claim they were forced to close down because they couldn't compete with Coles' incredibly low cigarette prices (stock)© Provided by Daily Mail The trio claim they were forced to close down because they couldn't compete with Coles' incredibly low cigarette prices (stock) Coles is being sued by local tobacconists who claim they are are being put out of business because the supermarket giant is selling cigarettes for less than the market price.

Former local tobacconists Anthony, Rebecca and Michael Rachelle are taking the Australian retail giant to the Victorian Federal Court on Friday after being forced to shut down their businesses.

The trio claim they were forced to close down because they couldn't compete with Coles' incredibly low cigarette prices.

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B. the equilibrium price would increase by less than .00. 27. Refer to the figure above. Suppose the coffee lobby convinced the legislature to impose a price control requiring that coffee prices must be at least .50 at a time when the original (bold) demand function and supply function were applicable.

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In their statement to the courts, the trio claim that Coles is using its market power to sell cigarettes from the top three companies - British American Tobacco, Imperial Tobacco Australia and Phillip Morris - at below market price.

'[Coles] has used its substantial degree of market power in the market of acquiring and supplying tobacco products to consumers in Australia, for the purpose of or likely having the effect of substantially lessening competition in the market,' The Age reported the statement as saying.

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Supermarket giants Woolworths and Coles currently rake in almost 70% of the .3bn grocery market share between them Interestingly when we compared the average basket prices at Coles and Woolworths between capital cities and regional areas nationally, the difference was less than .

identical products should sell for the same price everywhere. It holds exactly only if transaction costs are zero. The law of one price may not hold even when transaction costs are zero because. Cost -plus pricing may be the best way to determine the optimal price when marginal and average

The Rachelles claim their customers were convinced they were being overcharged because they could get the same products far cheaper at Coles.

They say this resulted in so much damage to their stores' finances and reputations that they were forced to close down and sell the businesses.

a group of people standing in front of a store: The Rachelles claim their customers were convinced they were being overcharged because they could get the same product far cheaper at Coles (stock)© Provided by Daily Mail The Rachelles claim their customers were convinced they were being overcharged because they could get the same product far cheaper at Coles (stock)

Michael Rachelle said he had to sell his business for $10,000 after paying more than $70,000 to set it up.

Anthony Rachelle made a submission to a parliamentary inquiry into franchising in 2018, stating he and other tobacconists were bullied by the cigarette companies.

He claimed Coles was selling their British American Tobacco products for almost $40 less than the wholesale price he is charged by his supplier.

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Coles vs Woolworths credit cards. Both supermarket giants offer a range credit cards that can help you earn I’m an avid Coles shopper – I prefer their selection and even though maybe 3-4 sale items may be Woolworths is actually cheaper than Coles on most items from my experience whether

For a monopoly, marginal revenue is less than price because. the firm must lower price if it wishes to sell more output. A monopolist faces the inverse demand curve P=60-Q. It has variable costs of Q^2 so that its marginal costs are 2Q and it has a fixed costs of 30.

Mr Rachelle did not specify which product he was charged that price for.

The trio told the publication that they will be representing themselves in court after spending more than $12,000 to get a solicitor.

'Any further representation was going to be completely beyond the realms of anything we could afford, so we're just winging it at the moment,' Mr Rachelle said.

'We sold our businesses for next to nothing as the value of them was destroyed.'

Daily Mail Australia visited the EzyMart convenience store on Kent Street in Sydney's CBD and a nearby tobacconist to compare the price for some of their cigarettes to what is on offer at Coles and its main competitor, Woolworths.

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The results showed that while Coles' cigarette prices were less than the convenience stores', Woolworths was cheaper overall.

EzyMart on Kent Street sells Winfield Original 20 packs - a British American Tobacco product - for $34 while a pack of 25 goes for $41.

Their Winfield Crush 20 pack is sold for $35 and the 25 pack for $42.

EzyMart on nearby George Street sold both Winfield Original and Crush for the same price - a pack of 20 costs $35 and and a 25-pack is $45.

The King of the Pack tobacconist on Sussex Street told Daily Mail Australia that they change their prices every Monday.

They sell Winfield Original 20 pack for less than EzyMart at $30.80 and a pack of 25 goes for $37.80.

Coles at Wynyard Station sells Winfield Original 20 packs for $33.95 - slightly more than King of the Pack but less than EzyMart.

The Winfield Original 40 pack is sold in Coles for a whopping $54.95.

Woolworths at Wynyard Station sells Winfield Original 20 packs for less than the other stores at just $28.95. Their pack of 25 is $34.95 - the same as what a pack of 20 goes for at the convenience stores.

From September, Australians will be paying one of the highest prices in the world for a packet of cigarettes, with a 25 pack of Marlboro Golds costing an eye-watering $48.50.

The cheapest pack will be about $29.

The price hike will be the eighth consecutive yearly increase, and is part of the government's attempt to reduce tobacco use.

Daily Mail Australia has contacted Coles for comment.

Furious mother launches a scathing attack on Woolworths amid claims her daughter, 12, found a NAIL inside a strawberry sold at the supermarket .
Suzy claims her daughter made the shocking discovery after cutting into the fruit she bought at the supermarket's Parra Hills store in Adelaide's northern suburbs.Suzy claims her daughter made the shocking discovery after cutting into the fruit she bought at the supermarket's Parra Hills store in Adelaide's northern suburbs.

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