Avoiding Price-Fixing or Price-Gouging Laws
Avoid discussing future pricing (maximum or minimum) with competitors. Refrain from discussing with competitors any intention to charge emergency or other surcharges or eliminate discounts.
What can be done to stop price fixing?
Five simple ways to avoid price-fixing
- Be aware of anti-competitive risks. Competition law applies to all businesses. ...
- Know which conversations are off-limits. ...
- Spot & react to price-fixing red flags. ...
- Don't abuse a dominant market position. ...
- Report anti-competitive concerns to the CMA.
What is price fixing and why is it illegal?
Price fixing is illegal because it fosters unfair competition and imposes high prices on consumers. Horizontal and vertical price fixing are the two most common types.
