Comment on Unredacted FTC suit shows 'Project Nessie' price-raising algorithm made Amazon $1.4B

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blazera@kbin.social ⁨1⁩ ⁨year⁩ ago

let them tell you https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/dealings-competitors/price-fixing

Price fixing is an agreement (written, verbal, or inferred from conduct) among competitors to raise, lower, maintain, or stabilize prices or price levels. Generally, the antitrust laws require that each company establish prices and other competitive terms on its own, without agreeing with a competitor.

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