FCCPC to engage market leaders nationwide to curb ‘exploitative pricing’

The Federal Competition and Consumer Protection Commission says it will engage market leaders nationwide to curb ‘exploitative pricing’ of consumer goods.

He said the unfair practice is common in the retail segment of the distribution chain where certain market associations are involved in price fixing to the detriment of consumers. “This unfair practice is prevalent in the retail segment of the distribution chain where some market associations are engaged in price fixing at the expense of consumers.”

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