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>At its core, it is price fixing Sounds more like price variation to me. >It is anti-consumer activity Roger, maybe even worse.
by fuzzfactor 2y ago
>At its core, it is price fixing
Sounds more like price variation to me.
>It is anti-consumer activity
Roger, maybe even worse.
- ryandrake 2y agoI think OP means "price gouging" rather than fixing. Or, if you're a libertarian and want a positive spin, "increasing prices to exactly what the market will bear".
- trod123 2y agoNo I said exactly what I mean, when you cooperate on prices you engage in price fixing, it doesn't matter if you direct an AI to do it for you, or not; what matters is you chose to cooperate on your pricing. The FTC has literature posted on this exact subject. Also that spin you put forth as libertarian isn't correct and misleads. It takes economic verbiage in isolation, and overgeneralizes to falsity. It neglects price inflexibility, and a number of other dynamics, instead assuming the market is static and that you can raise the prices to whatever the market will bear (which also neglects price fixing and other illegal activities such as bait and switching). Value is subjective, and changes with each valuation done by an individual.
- trod123 2y agoAny cooperative pricing, is price fixing.