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Old 04-01-2010, 03:58 AM   #1
basschick
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the FTC's definition of price fixing

it does appear that this applies to the publishers as it does not appear that price fixing requires secrecy to be illegal:

Quote:
Originally Posted by FTC.gov
A plain agreement among competitors to fix prices is almost always illegal, whether prices are fixed at a minimum, maximum, or within some range. Illegal price fixing occurs whenever two or more competitors agree to take actions that have the effect of raising, lowering or stabilizing the price of any product or service without any legitimate justification. Price-fixing schemes are often worked out in secret and can be hard to uncover, but an agreement can be discovered from "circumstantial" evidence. For example, if direct competitors have a pattern of unexplained identical contract terms or price behavior together with other factors (such as the lack of legitimate business explanation), unlawful price fixing may be the reason. Invitations to coordinate prices also can raise concerns, as when one competitor announces publicly that it is willing to end a price war if its rival is willing to do the same, and the terms are so specific that competitors may view this as an offer to set prices jointly.
i doubt that a legitimate justification would be "because we want to make more money"

the entire page has more about this:
http://www.ftc.gov/bc/antitrust/price_fixing.shtm

Last edited by basschick; 04-01-2010 at 04:38 AM.
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