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> Cost of goods sold only sets a minimum price. Colluding to price gouge consumers when costs have not increased is illegal behavior.
by GeekyBear 4y ago
> Cost of goods sold only sets a minimum price.
Colluding to price gouge consumers when costs have not increased is illegal behavior.
- lotsofpulp 4y agoWho is colluding? And price increases in the US are not restricted to only when cost of goods sold increases. Any seller can change the price they want to sell at at any time, unless there is an emergency such as natural disaster where price gouging laws come into effect.