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Australia’s consumer watchdog has announced it will crackdown on price-gouging of Rapid Antigen Tests (RATs) amid a nationwide shortage. “The ACCC (Australian Competition and Consumer Commission) is monitoring the situation and will take appropriate action under its existing powers,” ACCC Chair Rod Sims said in a statement. “We won’t be shy to name and shame suppliers and retailers we consider to be doing the wrong thing.” This comes as concerns grow over the price of the tests, with social media posts showing that some retailers were selling them for as much as AU$45 (US$32) per test. As the Omicron variant explodes across Australia, testing labs that offer PCR tests have been under tremendous pressure and temporarily closed, which resulted in an increasing push for RATs. Around 84 million rapid antigen tests, jointly funded by the federal government, have been secured by state and territory governments. Sims said the watchdog is …