But there are limits, people only drive so far. So once a big chain has driven everyone else out they can charge what they want or maximize profits by extracting value (see comment on Unsafeway).
Free market is good as long as monopolies can’t form. And unfortunately with local businesses that happens due to geographical constraints. We’ve seen it with groceries, next you’ll see it with plumbers (see all the massive PE roll ups going on now).
This was an eye opening article. I had no idea we already had a law on the books for this. It’s just…unenforced.