What is price fixing? Why is it bad for customers?

[Good-Person]

Price fixing refers to a condition where all the major businesses agree to sell their products for a fixed price in order to eliminate competition. Not surprisingly, this does eliminate competition to some extent. However, this could be a really bad thing from a customer's perspective. So, what are your thoughts about it?

 

[Ja sa bong]

It's not wrong or bad for customers in my opinion. In a positive way, it gives customers a calm mind knowing they are buying products in a uniform price across the market. No one is going to up sell them in prices of what they want.

 

[Frank]

When the manipulation from government or some bigger players in the industry are evident, then price fixing will go wrong. Price fixing is always a strategy to protect the sellers especially those selling products that can suffer from glut too. Helping to fix the price will be a way of them making profit from the business.

 

[Kane]

It is very less common to see uniform prices for the same product because when the price is more or less similar people might be interested in buying from more popular companies and less popular companies might not be able to sell. Having said that businesses do price fixing to create monopoly in the market.

 

[Heatman]

The only way prices of commodity can be uniform is when there's a monopoly in the business. It's only one person who's selling the products, so this gives him the opportunity to set a uniform price in all his outlets where those products are being sold.

 

[Good-Person]

It's not wrong or bad for customers in my opinion. In a positive way, it gives customers a calm mind knowing they are buying products in a uniform price across the market. No one is going to up sell them in prices of what they want.

I think that it might be bad for customers as well to some extent. Customers may not be able to buy products and items for a specific price, as they may have their own budget when it comes to purchasing items or products in the market. Fixed price leads to market monopoly.

 

[Ja sa bong]

I think that it might be bad for customers as well to some extent. Customers may not be able to buy products and items for a specific price, as they may have their own budget when it comes to purchasing items or products in the market. Fixed price leads to market monopoly.

If it's a confirmed market monopoly on a particular product, consumers or customers doesn't have any choice or say in it. They prices are determined by the owner of the products. Customers are at the mercy of monopoly seller because they will buy the products at any price they are sold.

 

[Good-Person]

If it's a confirmed market monopoly on a particular product, consumers or customers doesn't have any choice or say in it. They prices are determined by the owner of the products. Customers are at the mercy of monopoly seller because they will buy the products at any price they are sold.

Price fixing is a very old monopolistic technique and it has been used by many wholesalers and retailers as well. The fact of the matter remains that such kind of techniques require a person to be fully aware of the market conditions or places where price fixing is not that common. This is a good thing from a customer's perspective.

 

[Ja sa bong]

Price fixing is a very old monopolistic technique and it has been used by many wholesalers and retailers as well. The fact of the matter remains that such kind of techniques require a person to be fully aware of the market conditions or places where price fixing is not that common. This is a good thing from a customer's perspective.

Price fixing isn't an old business strategy. Owners of business who have monopoly with their products use the technique as they have the opportunity and upper hand in price determination for their products. There's not a day I went to the market I wouldn't see a product with fixed prices.

 

[Heatman]

I think that it might be bad for customers as well to some extent. Customers may not be able to buy products and items for a specific price, as they may have their own budget when it comes to purchasing items or products in the market. Fixed price leads to market monopoly.

No matter the prices products are being sold in the market, I believe that there are still some people who cannot be able to afford those products. The reason for this is because each and every individual have their own purchasing power and as long as a product prices in the market is something that is above their purchasing power, there is no way they can be able to buy it.

 

[Ja sa bong]

The only way prices of commodity can be uniform is when there's a monopoly in the business. It's only one person who's selling the products, so this gives him the opportunity to set a uniform price in all his outlets where those products are being sold.

Customers rights are not considered in a monopoly market. Monopolists businesses are only after the profits and they will do anything to make customers pay the money they have set a target for. Monopoly market supports capitalist market which is fueled by greed.

 

[Heatman]

Customers rights are not considered in a monopoly market. Monopolists businesses are only after the profits and they will do anything to make customers pay the money they have set a target for. Monopoly market supports capitalist market which is fueled by greed.

A capitalist business is only interested in the money they would make from the business. They have all the control in the market and that's why they are willing to sell their business products at any price. It's like what happens whenever there's scarcity of any products in the market. The few who still have the products in their stock will increase the price by more than 50%.

 

[Ja sa bong]

No matter the prices products are being sold in the market, I believe that there are still some people who cannot be able to afford those products. The reason for this is because each and every individual have their own purchasing power and as long as a product prices in the market is something that is above their purchasing power, there is no way they can be able to buy it.

There are rich and average earning customers in the market. They all will not have equal purchasing power. If all products in the market are sold costly, the quantities average earning customers can afford to pay for will be smaller. This is how they will live through to sustain until things changes.

 

[Good-Person]

There are rich and average earning customers in the market. They all will not have equal purchasing power. If all products in the market are sold costly, the quantities average earning customers can afford to pay for will be smaller. This is how they will live through to sustain until things changes.

There may be many other ways to counter price fixing problems from a customer's perspective. Most of the price fixing happens when a customer buys a new product. However, when it comes to selling second-hand products, fixing a specific price would be almost impossible in that scenario.

 

[Ja sa bong]

There may be many other ways to counter price fixing problems from a customer's perspective. Most of the price fixing happens when a customer buys a new product. However, when it comes to selling second-hand products, fixing a specific price would be almost impossible in that scenario.

Fairly used products market is different from brand new products. The prices are never the same. The problem is that it's not everyone who's a customers you will see be interested in buying used products. They don't care if the used products are good, they won't use it.