Oireachtas Joint and Select Committees

Tuesday, 22 October 2013

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Business Closures and Job Losses: Discussion with National Off-Licence Association

2:20 pm

Photo of Peadar TóibínPeadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

It is on exactly the same point as that made by Senator Feargal Quinn. We are operating in a non-monopoly environment where the large multiples are not necessarily offering lower prices but certain items as loss leaders and profit-taking on other items. Certainly consumers are better off in general on price, perhaps on one at one moment in time, but in general they are worse off because there are fewer suppliers offering fewer price options. Therefore, in the non-monopoly environment towards which we are moving, the consumer becomes the price taker.

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