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[FBI] LCD Price Fixing Conspiracy - Page 2

post #11 of 57
Quote:
Originally Posted by jesusboots View Post

Alrite, thanks for that.
40/10/9/11 legal
15/15/15/15 illegal
Is this what you are saying?

Essentially. More often then not, you end up with 30/30/30/30, since the places are trying to make money here. A capitalistic economy relies heavily on open competition driving prices down and keeping innovation up, hence this sort of practice being outlawed.
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post #12 of 57
Alrite. Thanks to both of you for explaining.
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post #13 of 57
Quote:
Originally Posted by jesusboots View Post

Alrite, thanks for that.
40/10/9/11 legal
15/15/15/15 illegal
Is this what you are saying?

Mister X sells for 2$ his peanut butter.
Mister Y sells for 3$ his peanut butter.
Mister Y is ready to sell his peanut butter at 1.75$.
Mister Y contact Mister X and tells him he could sell his peanut butter lower than his.
Mister X propose to Mister Y to not sell lower than him if he also do the same.
Mister X and Mister Y both sell their product at the same price.
No price competition, it makes the life easier.
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post #14 of 57
Quote:
Originally Posted by jesusboots View Post

Alrite, thanks for that.
40/10/9/11 legal
15/15/15/15 illegal
Is this what you are saying?

Sounds about right, mostly though it's when two or more companies have agreed not to charge less than a certain amount for something in order for them all to make more profit.

This means they don't need to have an edge over other manufacturers because they'll sell their product anyway, if they can just sell the same old stuff at high prices then why bother innovating or undercutting their competition?

Edit: I take way too long to type things. redface.gif
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post #15 of 57
Yet we dont see the fbi investigating oil companies for price fixing.... rolleyes.gif
post #16 of 57
Quote:
Originally Posted by jesusboots View Post

Alrite, thanks for that.
40/10/9/11 legal
15/15/15/15 illegal
Is this what you are saying?

No one will buy similar product at a higher price... just try to sell your shoes for $1Mill - unless you are Michael Jordan smile.gif
That is why Apple tries to create the image of "unique" or whatever - there'll be sufficient iZombies to pay the higher price.
Apple (and other vendors, of course) was sued for fixing the price on eBooks, though.
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post #17 of 57
Quote:
Originally Posted by Nemesis158 View Post

Yet we dont see the fbi investigating oil companies for price fixing.... rolleyes.gif

its hard to bing a company for something that is necessary to run a country at the current moment then something that's sort of a luxury
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post #18 of 57
Quote:
Originally Posted by Nemesis158 View Post

Yet we dont see the fbi investigating oil companies for price fixing.... rolleyes.gif

They aren't price fixing, so nothing the FBI can do.
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post #19 of 57
Quote:
Originally Posted by Nemesis158 View Post

Yet we dont see the fbi investigating oil companies for price fixing.... rolleyes.gif

Oh! Oh! Can I play your game of chucking random industries into that sentence with absolutely no proof?
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post #20 of 57
Quote:
Originally Posted by Nemesis158 View Post

Yet we dont see the fbi investigating oil companies for price fixing.... rolleyes.gif

Quotas are set by OPEC (which no North American country belongs to), but no collusion occurs about pricing that has been observed thus far. The FBI would have no jurisdiction for a multitude of reasons, but namely the member nations not being part of the USA is a pretty large factor.
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