Suit claims employees were told pricing outside the algorithm was "unacceptable."

14 big landlords used software to collude on rent prices, DC lawsuit says::Suit claims employees were told pricing outside the algorithm was “unacceptable.”

  • db2@sopuli.xyzEnglish
    191·
    1 year ago

    Gas prices. If price fixing is illegal then why is every single station the exact same price?

    • teegus@sh.itjust.worksEnglish
      131·
      1 year ago

      To be fair, in perfect competition prices for a homogenous product would be the same everywhere.

      But the reason for it in reality is that tacit collusion is not illegal (and even if they break the rules and make deals, which happens, it is hard to prove. but you don’t need explicit deals for prices to end up being the same). there has been many studies done on the gas market in partucular.

    • psycho_driver@lemmy.worldEnglish
      8·
      1 year ago

      Costco and Sams have a never-ending gas price battle going on where I live and their gas prices are always 15-20% less than any other place in town. $3.39/gl at all stations except for those two and they’re $2.99/gl right now. It’s been this way for years.

        • Mango@lemmy.worldEnglish
          3·
          1 year ago

          Starting your car is with 7 seconds of idling, and this somehow magically applies to motors of any displacement or intake type! If you’re gonna sit for more than 7 seconds, shutting your car off is the economical choice.