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Thus the following sentence in my comment: "So call it a cartel or duopoly with price fixing if you like rather than a monopoly."
by danenania 3y ago
Thus the following sentence in my comment: "So call it a cartel or duopoly with price fixing if you like rather than a monopoly."
- threeseed 3y agoExcept that it isn't a cartel and there is no evidence of price fixing. And there is nothing preventing other companies e.g. Samsung making their own store.
- danenania 3y agoPrice fixing doesn’t require active coordination. It can be tacit/implicit.
- mr_toad 3y agoFor it to be illegal it has to involve an agreement between competitors. It doesn’t have to be in writing, but it does require communication. Setting the price the same as your competitors is not price fixing.