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This might be a different form of price-fixing. You know how big-box retail stores will price match products? That's in order to keep tabs on competitors' pric
by nerdponx 3y ago
This might be a different form of price-fixing.
You know how big-box retail stores will price match products? That's in order to keep tabs on competitors' prices, and to pose a credible threat of starting a price war. Keeping the peace means keeping prices elevated above marginal cost.
Insurance companies rolling out online rate comparison tools has a similar effect.