What's to investigate. We have the comodification of baby formula in the States with strict regulations preventing imports of baby formula abroad (and starting new companies domestically).

Tack that with the fact baby formula is disgustingly overpriced as it's a cartel (three manufacturers in the US making all supply, with an inelastic commodity being baby formula.) controlling the prices as an oligopoly. Then since it's an inelastic commodity (baby formula has theoretically infinite demand, as people will pay anything to feed their children) they can justify the lack of competition in the market (that is granted by law) and SiNcE yOu'Ll pAy AnYtHiNg, they'll jump the price up. What's that? A synthetic supply crisis? Better jump THE PRICE EVEN HIGHER THAN IT IS.

Want to fix it. Allow more companies domestically produce it, or import abroad. (Or decomodify formula, whoops).

"But that will crash the market and the prices will fall too much the companies wouldn't turn a profit".

GOOD, I hope they choke and die and parents can by formula to FEED THEIR BABIES. It should be less than 6$ a jar. It ain't.