Just like a quick-thinking Dorothy in The Wizard of Oz, a desperate Justin Trudeau threw cold water on the Competition Act’s controversial “efficiencies” defence last week in an attempt to help bring down the soaring cost of groceries. “I’m melting,” exclaimed a dissolving Section 96 as Munchkins across the land rejoiced that they would soon enjoy lower prices for cheese.
Was this in question?
Cost is the measure of the inefficiencies realized while delivering a product or service. The more inefficient it is to deliver a product/service, the higher the cost. A perfectly efficient business is able to give away its products for free.
If costs are going up, you know that efficiencies are not being found.