Price Fixing and Predatory Pricing
What is price fixing?
Price fixing occurs when the price of goods and/or services is wrongfully artificially manipulated in order to benefit specific companies or individuals. Collusion occurs in these cases when it can be proven that companies agreed to sell competing products for the same price, essentially eliminating competition. This allows companies to dictate the price, rather than allowing the fair market of supply and demand to determine value.
What is predatory pricing?
Predatory pricing is a practice in which a company is able to lower its prices so far below its competitors as to force them out of business. In order to do this, a business would have to be able to sustain an economic loss for an extended period of time, selling goods or services at well below market value. Its competitors would collapse when they were unable to meet these unrealistically low prices. Predatory pricing eliminates fair competition in the marketplace.
What can I do?
If you feel you have a claim, our attorneys would like to talk to you. You may be entitled to compensation. Contact us today for a free, no-obligation legal consultation.
Cases Investigated
Beasley Allen is currently investigating cases involving Price Fixing and Predatory Pricing. However, our attorneys would like to investigate any claims of loss that may be the result of a business dispute.
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