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Price fixing is an anticompetitive agreement between participants on the same side in a market to buy or sell a product, ... New Zealand law prohibits price fixing, ...
A federal district court in February 1961 fined 29 electrical manufacturing companies and 45 individuals a total of $1,924,500 for violating the antitrust laws by fixing prices and rigging bids on heavy electrical equipment, some of which was sold to the Government. [46] (See also: Allis-Chalmers § 1960s and 1970s.)
Price ceilings: Laws limit the maximum price that can be charged for given goods. Washington state does not have a specific statute addressing price gouging, can nevertheless have sought to apply its consumer protection act to argue that high prices during COVID-19 for PPE was an "unfair" or "deceptive" practice.
There are federal restrictions on related but different practices, such as price-fixing laws that bar companies from agreeing to not compete against each other and set higher prices.
Several states already restrict price gouging, but there is no federal-level ban. There are federal restrictions on related but different practices, such as price-fixing laws that bar companies from agreeing to not compete against each other and set higher prices. Will Harris' proposal lower grocery prices?
Price gouging laws generally prohibit profiteering during emergencies, but vary widely as to when they apply, said Lindsay Owens, who leads Groundwork Collaborative, an anti-monopoly think tank.
The cheapest three-bedroom house for sale in 90402 is priced at $2.85 million, with a $50,000 price cut one week before the fire as the property’s most recent price change, which means a buyer ...
The Robinson–Patman Act (RPA) of 1936 (or Anti-Price Discrimination Act, Pub. L. No. 74-692, 49 Stat. 1526 (codified at 15 U.S.C. § 13)) is a United States federal law that prohibits anticompetitive practices by producers, specifically price discrimination.