• lolcatnipEnglish
    2·
    6 months ago

    It’s prima facie evidence of price fixing. Not that I expect it to ever be prosecuted, or even seriously investigated.

    • nicetriangle@kbin.social
      1·
      6 months ago

      I think maybe they make an example of a few companies but that the fines are considerably less than the windfall of cash the price gouging got them and the rest of the offenders out there (many of which I bet are even worse) will get off scot-free

    • jimbolauski@lemm.eeEnglish
      1·
      6 months ago

      Price fixing is when multiple companies collude to raise the price, companies charging more on their own is not price fixing.

      • lolcatnipEnglish
        1·
        6 months ago

        Who says they’re all doing it on their own?

          • lolcatnipEnglish
            1·
            6 months ago

            The prices being kept in sync. Which I already said. There should be an investigation.

            • jimbolauski@lemm.eeEnglish
              1·
              6 months ago

              That’s not evidence that they are working together, it’s not even enough to start an investigation.

              • lolcatnipEnglish
                1·
                6 months ago

                What do you think would be enough evidence to start an investigation?

                • jimbolauski@lemm.eeEnglish
                  1·
                  6 months ago

                  Hearsay that executives discusses setting prices, or that executives met or talked before the price hike.