Comments by "Deborah Freedman" (@deborahfreedman333) on "Fox Business"
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Who should be most nervous? The consumers, prices aren't going to go down. When I moved into my Portland, Oregon home, 24 years ago, there were five nearby grocery stores. In 2008, both of the high end stores closed, but years later one became New Seasons, an upscale natural food market. On the affordable side, there was Fred Meyer's, Safeway and Albertson's. Kroger's bought out Fred Meyer's, and the prices went up, while service went down. When Albertson's bought out Safeway, they closed our Safeway, and have now converted it to a online store, so that trucks are coming and going at all hours, with their noisy back up beeping. So, what will happen now? How high will they raise prices? Which of my local stores will disappear? And what will go into the space of the closed store? Whatever happened to antitrust laws? How is such a monopoly allowed?
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