In response, eBay said it had “extremely effective measures” in place to combat “price gouging” – when a seller increases the prices of goods to a level much higher than is considered reasonable or fair.
The company said it had “heavy restrictions on the listing of some in-demand products at unreasonable prices” which had resulted in “five million automatically blocked attempts to price gouge, an additional , 19 removed, and thousands of seller accounts suspended “.
Amazon said there was” no place for price gouging “on its site, adding: “We are disappointed that bad actors are attempting to artificially raise prices on basic need products during a global health crisis and, in line with our long-standing policy, have recently blocked or removed hundreds of thousands of offers.
“We contin ue to actively monitor our store and remove offers that violate our policies. “
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The CMA launched a
taskforce last month to crack down on businesses seeking to exploit the escalating coronavirus emergency.
A spokeswoman for the watchdog said it was “clear that whilst the majority of businesses are behaving responsibly in the COVID – outbreak, a small minority may have been taking advantage of the situation to exploit people. “
” We welcome the work eBay and Amazon are doing to remove listings where very high prices are being charged for essential goods, but it is clear this is a serious problem that isn’t going away, “the spokeswoman said.
“We’re advising government on further action that could be taken to tackle price gouging at all levels of the supply chain. “
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