RandAlThor@lemmy.ca to World News@lemmy.world · 9 months agoCarrefour says it will not sell PepsiCo goods due to price hikeswww.reuters.comexternal-linkmessage-square27fedilinkarrow-up1180arrow-down12
arrow-up1178arrow-down1external-linkCarrefour says it will not sell PepsiCo goods due to price hikeswww.reuters.comRandAlThor@lemmy.ca to World News@lemmy.world · 9 months agomessage-square27fedilink
minus-squarelolcatnip@reddthat.comlinkfedilinkEnglisharrow-up2arrow-down1·9 months agoIt’s prima facie evidence of price fixing. Not that I expect it to ever be prosecuted, or even seriously investigated.
minus-squarenicetriangle@kbin.sociallinkfedilinkarrow-up1·edit-29 months agoI think maybe they make an example of a few companies but that the fines are considerably less than the windfall of cash the price gouging got them and the rest of the offenders out there (many of which I bet are even worse) will get off scot-free
minus-squarejimbolauskilinkfedilinkEnglisharrow-up1arrow-down1·9 months agoPrice fixing is when multiple companies collude to raise the price, companies charging more on their own is not price fixing.
minus-squarelolcatnip@reddthat.comlinkfedilinkEnglisharrow-up1arrow-down1·9 months agoWho says they’re all doing it on their own?
minus-squarejimbolauskilinkfedilinkEnglisharrow-up1arrow-down2·9 months agoDo you have any evidence of collusion?
minus-squarelolcatnip@reddthat.comlinkfedilinkEnglisharrow-up1arrow-down1·9 months agoThe prices being kept in sync. Which I already said. There should be an investigation.
minus-squarejimbolauskilinkfedilinkEnglisharrow-up1arrow-down2·9 months agoThat’s not evidence that they are working together, it’s not even enough to start an investigation.
minus-squarelolcatnip@reddthat.comlinkfedilinkEnglisharrow-up1·9 months agoWhat do you think would be enough evidence to start an investigation?
minus-squarejimbolauskilinkfedilinkEnglisharrow-up1arrow-down2·9 months agoHearsay that executives discusses setting prices, or that executives met or talked before the price hike.
It’s prima facie evidence of price fixing. Not that I expect it to ever be prosecuted, or even seriously investigated.
I think maybe they make an example of a few companies but that the fines are considerably less than the windfall of cash the price gouging got them and the rest of the offenders out there (many of which I bet are even worse) will get off scot-free
Price fixing is when multiple companies collude to raise the price, companies charging more on their own is not price fixing.
Who says they’re all doing it on their own?
Do you have any evidence of collusion?
The prices being kept in sync. Which I already said. There should be an investigation.
That’s not evidence that they are working together, it’s not even enough to start an investigation.
What do you think would be enough evidence to start an investigation?
Hearsay that executives discusses setting prices, or that executives met or talked before the price hike.