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Brazil's CADE probing use of pricing algorithms in fuel market

( November 20, 2024, 02:00 GMT | Official Statement) -- Mlex summary: The Brazilian competition authoirty has initiated an administrative process to investigate suspected anti-competitive practices in the Brazilian fuel sector, involving pricing algorithms used by gas stations across several cities. The focus is a software developer whose tool dynamically adjusts prices based on factors like cost and market conditions, potentially discouraging price competition among station owners.Statement follows below in Portuguese:...

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