AT&T Mimics Verizon, Pushes Upgrades to 24 Months
Top message: Monkey see, Monkey do by johnhr2
Replying to: Re: Monkey see, Monkey do by T Bone
As I said before, while I do not have evidence that it is the case, many times I do wonder if ATT and Verizon attempt to engage in price fixing. They have, by far, the majority of the postpaid customer base, and they constantly raise their prices almost at the same time, to a point to where they almost exactly mirror each other. Below is the definition of price fixing, and at least, you should understand why I wonder if they are trying to engage in it...
Price fixing is an agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.
The intent of price fixing may be to push the price of a product as high as possible, leading to profits for all sellers but may also have the goal to fix, peg, discount, or stabilize prices. The defining characteristic of price fixing is any agreement regarding price, whether expressed or implied.
Price fixing requires a conspiracy between sellers or buyers. The purpose is to coordinate pricing for mutual benefit of the traders. For example, manufacturers and retailers may conspire to sell at a common "retail" price; set a common minimum sales price, where sellers agree not to discount the sales price below the agreed-to minimum price; buy the product from a supplier at a specified maximum price; adhere to a price book or list price; engage in cooperative price advertising; standardize financial credit terms offered to purchasers; use uniform trade-in allowances; limit discounts; discontinue a free service or fix the price of one component of an overall service; adhere uniformly to previously-announced prices and terms of sale; establish uniform costs and markups; impose mandatory surcharges; purposefully reduce output or sales in order to charge higher prices; or purposefully share or pool markets, territories, or customers.
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