3 ms·

Isn’t this what happens every trading day for Apple stock (and others)? I couldn’t begin to hazard a guess as to what a share of Apple “should be” worth, but i

• bobthepanda 3y ago
  there is a difference between doing research when selling vs. asking a company for advice and being required to take their price at least 80% of the time. there is also the issue of market concentration. generally speaking in a regular, healthy market many people hold stock and possibly undercut each other. In financial cases where there is actual price fixing going on (e.g. LIBOR) there has been a lot of prosecution.
• brasic 3y ago
  The research you do in that scenario would just tell you the prices which shares had actually changed hands at. A decentralized market-based price discovery mechanism cannot be considered collusion or price fixing, since it’s exactly the opposite.
• renewiltord 3y ago
  No, because it's decentralized. The Price Advisor LLC is sort of important there. e.g. take a cartel that you genuinely think is a cartel. Now instead of them all colluding, imagine that they set up Price Advisor LLC, and that no two of them ever talk to each other to set prices. All price setting is done by Price Advisor LLC. Moving the price setting into this LLC does not make the operation not a cartel. The LLC saying it's "checking comparables" does not make it not a cartel. After all, if a legitimate cartel could dodge this by just making a new LLC, then it would almost always make sense to cartelize because you can always act as a cartel without being considered a cartel for the cost of $500.