Lack of competition in the baby milk market

What did the Competition and Markets Authority (CMA) find about the leading manufacturers of baby formula?

• They decreased prices by more than their costs

• They increased prices by more than their costs

• They maintained the same prices as their costs

• They had no impact on the prices

Which two companies dominate the baby formula market, according to the text?

• Danone and Nestlé

• Aldi and Nestlé

• Danone and Iceland

• Nestlé and Iceland

What is the average increase in prices on shoppers in two years, as mentioned in the text?

• 10%

• 20%

• 15%

• 25%

What did Richard Walker, the executive chair of Iceland, suggest the government should do?

• Ban the sale of baby formula

• Increase taxes on baby formula

• Convene a roundtable of brands and retailers and agree on price controls

• Do nothing about the issue

What did the shadow health secretary, Wes Streeting, propose to help families feed their children?

• Increase the prices of baby formula

• Allow retailers to accept loyalty cards and vouchers as payment for infant formula

• Ban the sale of baby formula

• Do nothing about the issue

What did the Competition and Markets Authority (CMA) find about the baby formula market's vulnerability to price rises?

• It was not affected by price rises

• It was not vulnerable to price rises

• It was vulnerable to higher-than-inflation price rises

• It was vulnerable to lower-than-inflation price rises