Thread: Agency pricing
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Old 02-11-2011, 06:50 PM   #30
Andrew H.
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Quote:
Originally Posted by HamsterRage View Post
Not at all unrelated. As I remember it, Amazon was happy setting its own prices in order to further its business objectives. The shared monopoly acted as one to force Amazon to conform to its business model, at which point Amazon lost all control of pricing.
There is no such thing as a "shared monopoly." That is an oxymoron.

Quote:


The bit about "unlawfully" fixing prices is your own issue to deal with. I never commented on the lawfulness of the act. However, since you brought it up Andrew, I guess it's fair to assume that you found this action, if not technically illegal, at least immoral.
"Fixing" prices and "setting" prices mean the same thing. It is not illegal for a seller to fix the price of an object he is selling. In fact, doing so is fundamental to the free market.

Since you were complaining about the shared monopoly fixing prices, I assumed that you meant that there was some sort of problem with it. After all, people do use "price fixing" as a shorthand for a criminal violation of the antitrust act.

Or do you just mean that someone other than the seller should set the seller's prices?
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