Quote:
Originally Posted by HarryT
Sorry, X, but this is wrong. Price fixing is not illegal. Colluding to fix prices - ie, acting as a cartel - is illegal. For a company to act alone to fix prices is entirely legal, and indeed, widely done.
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Are you sure that what you call colluding isn't the same as price fixing?
From
legal-explanations.com:
Quote:
Price Fixing
n.A method in which businesses who are in competition with each other set up a strategy to fix up prices of particular commodities to avoid price competition.It is a criminal act according to federal laws as it encourages unfair competition and the public is deprived of reasonbale prices..This arrangement can also be made between suppliers and manufactures or distributors.
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Quote:
Originally Posted by HarryT
Paperbacks have got an awful lot more expensive in the UK in the last few years (the normal paperback price is now £7.99 - about US$12.50) and Waterstones sell almost all books at full list price. Books are often half the price at Amazon than at Waterstones.
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The prices are the same (well, the euro equivalent) in the Netherlands and there are many bookstores around. The high prices are caused by the publishers, not by the bookstores.