Price fixing is a form of collusion, and it’s a crime - even if the sellers can claim they didn’t all sit down in a room together.
Phoenix apartments had an inflated housing market that was caused by price fixing. The property management used software to set rental prices, and the terms of service required them to use the prices suggested. None of the managers individually spoke to each other, but the software algorithmically inflated rent based on what other properties could get away with charging.
Price fixing is a form of collusion, and it’s a crime - even if the sellers can claim they didn’t all sit down in a room together.
Phoenix apartments had an inflated housing market that was caused by price fixing. The property management used software to set rental prices, and the terms of service required them to use the prices suggested. None of the managers individually spoke to each other, but the software algorithmically inflated rent based on what other properties could get away with charging.
https://www.azag.gov/press-release/arizona-attorney-general-announces-1-million-settlement-weidner-property-management