Paul Murphy (Dublin South West, RISE) | Oireachtas source

I thank the witnesses for the presentation. To quote Mr. Godfrey in his opening statement, he said "Most businesses ... are not in a dominant position, and their pricing decisions are constrained by the need to compete rather than by any legal obligation." In other words, the pricing decisions of most businesses are not constrained by any laws apart from the law not to operate as a cartel. Basically it is the law of the jungle and they are free to set whatever prices they choose to set.