Price Fixing Collusion
Users debate whether companies' coordinated pricing practices via apps or platforms constitute illegal price fixing, collusion, or cartel behavior, often citing antitrust laws and examples like oil cartels.
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Isn't this price fixing and collusion?
How is this not anti-competitive collusion.
Colluding to keep prices low? Usually it's the other way around.
Almost like there is a cartel manipulating prices.
It’s called price fixing: https://www.ftc.gov/advice-guidance/competition-guidance/gui...
Corporations colluding to fix prices as high as possible?
It's illegal for the same reason that it's illegal for companies to collude to fix prices. You could apply your same arguments.
How is this not collusion? https://www.investopedia.com/terms/c/collusion.asp
They’re colluding to fix prices. That is a cartel. It is facilitated by a middleman app. Still unethical, and should be illegal.
That would be an oligopoly and illegal. They could no more do that than oil companies could (legally) conspire to fix prices.