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Whether this kind of anti-competitive price fixing is out of financial self-interest or whether it's due to the high cost of production, updating, and distribution (or some combination thereof), textbooks are expensive, and it's probably fair to say that students hate it.
BEIJING — The Chinese government has fined six infant milk powder companies a total of 668.7 million renminbi for anti-competitive behavior and price fixing, according to an announcement issued by the country's top economic planning agency Wednesday.
Monopolies are not, per se, illegal in the U.S. They're only against the law if they're attained or maintained via exclusionary and anti-competitive actions: violations of antitrust law, price fixing, and so on.
OFT chairman John Vickers wrote to Bruce: 'It is an inescapable economic reality that in a market with limited supply, such as the holiday market, price will be higher when demand is higher.' Vickers said the OFT needed evidence of price fixing or anti-competitive behaviour to look into the matter further.
Lest we forget, there were real reasons why companies were sued by the government for collusion, price fixing and anti-competitive behavior.
We begin with a discussion of the Christie's and Sotheby's price fixing case and the role of the competitive behavior of auction houses in the determination of prices.
Price fixing is endemic.
First was price fixing.
Federal regulators suspect price fixing.
In those situations, it is needless to inquire further into competitive effect because it is established doctrine that, unless permitted by statute, the fixing of prices at which others may sell is anticompetitive, and the unlawfulness of the price fixing infects the distribution restrictions.
Price fixing?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com