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> 2. same as the competition - collusion, price fixing Only true if you arrived at those prices via collusion > 3. higher than the competition - gouging, prof
by enragedcacti 4y ago
> 2. same as the competition - collusion, price fixing
Only true if you arrived at those prices via collusion
> 3. higher than the competition - gouging, profiteering
In the US gouging is pretty much always legally defined as "raising prices by [xx%] in the immediate aftermath of a civil emergency on necessary items". People might use the terms colloquially but that doesn't make it illegal.
- WalterBright 4y ago> Only true if you arrived at those prices via collusion The same prices is evidence enough of collusion to file charges. > In the US gouging is pretty much always legally defined as "raising prices by [xx%] in the immediate aftermath of a civil emergency on necessary items" I.e. they can file such charges whenever they like. Note that this does not take into account the cost of supplying these goods.