how does price fixing work, can’t anyone charge whatever they want for a product?
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When an entire industry is controlled by two or three corporations, their CEO’s might play a round of golf under false names.
If they all agree to raise their prices 9%, the customers can’t go anywhere else to get that product.
In a capitalist economy, it should be easy for just about anyone to start a business and compete with a big corporation by charging a lower price. A small company won’t lease a corporate jet or limo’s for the executives, so…they can afford to charge less.
Open competition is suppost to be part of the “invisible hand” of the market. When there is no competition, it devolves into a monopoly.
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