dansomeone
Well-Known Member
This isn't price fixing, it's just pricing. Price fixing is where competitors agree to all sell their goods/services at the same price, which defeats the purpose of a free and competitive market. Here, Music Direct is pricing their goods at what they think the market will bear. If they are wrong, the goods won't sell, and they will adjust the price accordingly.It got me thinking, is this a legal practice in America? As music direct are in effect the manufacturer, would it not be considered as price fixing if they artificially restrict the number of units available for sale & then jack up the price.
I think on the Mofi minute this week, the Toad Hall store owner stated the they (Music Direct & MoFi) had completely sold out of more than 50 copies of the Miles Davis - Jack Johnson track (at $60), now this is showing as in stock at $125. I get that a retailer can set the price they want, but as Music Direct is the manufacturer and entirely in control of how much stock is available, wouldn't this be considered as price fixing?
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