Which don't work. They just cause shortages.
If you don't like the price of your Pepsi, buy Coke. Or buy the store brand. Or do your health a favor and don't buy that garbage food in the first place.
If you don't like the price of your Pepsi, buy Coke. Or buy the store brand. Or do your health a favor and don't buy that garbage food in the first place.
Something does need to be done about that type of situation; in a properly working free market the competitor would gleefully accept having 100% of the market and waiting for the high price supplier to go bankrupt or lower their prices. Instead you're seeing what appears to be cartel-like 'we've got your back' from suppliers. This was most recently visible with eggs.
Incredible amounts of marginal farmland that comes in and out of production based on market prices.
(so, to be crystal clear, price caps are a horrible idea).
There's also farm regulation that manipulates farmland going in and out of production artificially. It already isn't driven solely by the free market.
A literally bankrupt company giving economic advice..