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.”

  • @IHaveTwoCows@lemm.eeEnglish
    25•1 year ago

    This is how all industries work. There is no free market competition in anything. Bakeries collude on bread prices. Chocolatiers collude on candy bar prices. Etc etc. This is what happens when government kneels to business lobbyists instead of regulating business.

    • @db2@sopuli.xyzEnglish
      12•1 year ago

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

      • @teegus@sh.itjust.worksEnglish
        10•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.