Chairman Rod Sims says concerns can be ‘taken too far’ but concentrated markets could mean higher prices for consumers
Australian consumers could be worse off thanks to the rising power of large corporations, the head of the competition watchdog has warned.
Rod Sims, the chairman of the Australian Competition and Consumer Commission (ACCC), said in a speech on Thursday that the revenue of the largest 100 companies on Australia’s stock exchange had increased from just 15% of gross domestic product in 1993 to 47% in 2015.
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