For example, the cost of a plumber to repair a broken pipe at a customer`s home can be $5 for travel, materials that cost $5 and an hour`s work at $30. However, the value of the service to the customer – who can let water flow throughout the house – is much greater than the $40 cost, so the plumber can decide to calculate a total of $100. What do you call an agreement between different companies to calculate the same amount for products? A: A uniform and simultaneous price change could result from a price agreement, but it could also result from independent commercial reactions to the same market conditions. For example, if international oil market conditions lead to higher crude oil prices, this could lead to higher wholesale gasoline prices. Local gas stations can respond to rising wholesale gasoline prices by increasing their prices to cover these higher costs. Other market forces, such as the public publication of current prices (as is the case at most gas stations), encourage suppliers to quickly adjust their own prices so as not to lose revenue. However, if there is evidence that gas station operators discussed price increases among themselves and agreed on a common price plan, it could be a breach of the agreement. For some business numbers, the call price is determined by the consumer`s subscription contract. This price is indicated after the company number with the acronym pvm/mpm (local network rate or mobile phone charge).
Calls from the fixed network are billed at the local network rate (pvm). For mobile phone calls, mobile phone charges (mpm) are generated. These fees are set in the subscription contract price list. When a consumer files a valid complaint, the company must compensate the late consumer for the telephone costs incurred in connection with the complaint. To file a complaint, consumers can use claims forms for a defective product or defective service on our website. An agreement to limit production, sale or production is just as illegal as direct pricing, as reducing the supply of a product or service drives up its price. For example, the FTC challenged an agreement between competing oil importers to limit the supply of lubricants by refusing to import or sell these products to Puerto Rico. Competitors tried to urge lawmakers to remove an environmental tax on lubricants and warned of lubricant shortages and rising prices. The FTC argued that the conspiracy was an illegal horizontal agreement to limit production, which was inherently likely to harm competition and had no competing efficiency gains that would benefit consumers.
In doing so, a product is sold at a low or even loss-making price. Although you could not make a profit by selling this product, you could attract customers who will also buy other more profitable products. A: No. Adjusting competitors` prices can be a good deal and often occurs in highly competitive markets.