Search the forum,

fixing

Price fixing is an anticompetitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.
The intent of price fixing may be to push the price of a product as high as possible, generally leading to profits for all sellers but may also have the goal to fix, peg, discount, or stabilize prices. The defining characteristic of price fixing is any agreement regarding price, whether expressed or implied.
Price fixing requires a conspiracy between sellers or buyers. The purpose is to coordinate pricing for mutual benefit of the traders. For example, manufacturers and retailers may conspire to sell at a common "retail" price; set a common minimum sales price, where sellers agree not to discount the sales price below the agreed-to minimum price; buy the product from a supplier at a specified maximum price; adhere to a price book or list price; engage in cooperative price advertising; standardize financial credit terms offered to purchasers; use uniform trade-in allowances; limit discounts; discontinue a free service or fix the price of one component of an overall service; adhere uniformly to previously-announced prices and terms of sale; establish uniform costs and markups; impose mandatory surcharges; purposefully reduce output or sales in order to charge higher prices; or purposefully share or pool markets, territories, or customers.
Price fixing is permitted in some markets but not others; where allowed, it is often known as resale price maintenance or retail price maintenance.
Not all similar prices or price changes at the same time are price fixing. These situations are often normal market phenomena. For example, the price of agricultural products such as wheat basically do not differ too much, because such agricultural products have no characteristics and are essentially the same, and their price will only change slightly at the same time. If a natural disaster occurs, the price of all affected wheat will rise at the same time. And the increase in consumer demand may also cause the prices of products with limited supply to rise at the same time.In neo-classical economics, price fixing is inefficient. The anti-competitive agreement by producers to fix prices above the market price transfers some of the consumer surplus to those producers and also results in a deadweight loss.
International price fixing by private entities can be prosecuted under the antitrust laws of many countries. Examples of prosecuted international cartels are those that controlled the prices and output of lysine, citric acid, graphite electrodes, and bulk vitamins.

View More On Wikipedia.org
  1. B

    What's the nut on top of a gas supply bayonet fixing used for?

    I have a redundant gas cooker supply to cap, but wondered what the nut on the top of the gas supply bayonet fitting is used for?
  2. R

    Boiler kittling again after 2 yrs of fixing.

    A bit of history first. 2 yrs ago visited a grant boiler with boiler and pipework kettling. I added SentX200 noise reducer. It is standard open vented system S plan Also found there was no bypass and this was an external boiler with frost stat so boiler would start with no valves open...
  3. M

    Kitchen tap fixing????

    Anyone seen this type of fixing for a kitchen tap? Do the wings marked A just rotate? Cheers folks
  4. K

    Fixing a broken shower diverter button

    Hello, I need to replace a broken shower/tub diverter push button. Do I need to shut off the water to the house to do this? I am getting different answers and trying to see if it’s absolutely necessary. Many people say they did it without turning off water and it’s a simple job. Thank you
  5. U

    Cutout too big for new tap!

    Hello. I’m a newbie here, so I apologise in advance if, despite my good intentions, I breach any rules or etiquette. I’m replacing a monobloc bath shower mixer tap (Ideal Standard - I.S.). Now I’ve got the old tap out, I discover that the cutout in the bath is about 51mm dia. Unfortunately, the...
  6. L

    Fixing Bathroom Mixer Tap

    Hi. Novice here! Bathroom mixer tap was getting 'sticky' and I so sprayed some wd-40 silicone lubricant through some of the gaps - unfortunately it has made it seize up and the tap needs quite a bit of force to either turn it on or change temperature. I'd used the silicon spray on a couple of...
  7. B

    URGENT 1st fixing for a cylinder

    I’m an apprentice doing a new build 1st fix, 3 bedroom house with an en-suite, bathroom and wc. Has a heat only boiler and a thermaq 180l cylinder but I’ve never piped up for a cylinder on a 1st fix and have no idea what I’m conneting in to what apart from the flow from the boiler straight to...
  8. J

    Advice on fixing a urinal

    Hi all I'm a female plumber, so don't much encounter a urinal (especially as I usually only do domestic work). I've been sent pics of something that has broken in a urinal - it's the flush valve. As I gather, the urinal cistern fills up gradually, and flushes through every so often. A link...
  9. W

    NFG- Grohe tap ,"tool free fixing"

    Grohe kitchen mixer with new - fangled tool free fixing. Had 2 now, both with problems on the clutched plastic backnut - just keeps slipping and turning, not gripping - tap is about as solid as a fresh mackerel. They are trying to make it easier for diy / handyman but usually it's the water...
  10. P

    Vertical radiator on single stud?

    Hi, I have an internal, decorated plasterboard wall with poor studding: from left to right, there is a 22mm wide (i.e., horizontally parallel to the wall) stud, then a 38mm stud (the two studs are spaced 60cm), then the jack stud of the door. I need to hang a ~2500 BTUs radiator (I have gas...
  11. P

    Fixing toilet to glued-down base over UFH.

    I have to install a toilet on a floor with UFH under it, so will need to stick it down rather than drill it. The toilet I have has those L-shaped brackets for attaching to the floor (like these). Obviously I can't use them as intended, but I'm considering sticking a bit of ply to the floor...
  12. S

    Fixing leak between tank and toilet

    Hello I'm completely lost here I have a leak between my toilet and the tank I have looked up how to repair it but I'm a bit confused as the bolts on my toilet don't go into the tank itself and I can't see anyway if removing the tank to replace the part in between is there any other way of fixing...
  13. M

    fixing shower tray

    I seem to find a lot of different opinions on fixing walk-in shower trays to floors. I will be fixing to a marine ply base screwed into joists with noggins. The manufacturer says bed into a weak mortar mix, but I read that this can lead to problems when the mortar dries out. Some say silicon...
  14. J

    Fixing a new toilet seat

    I have a top fixing toilet seat. Due to nuts seizing on to threaded posts I had to use a saw to get the old seat off. I have a new set of fittings - images attached. To prevent the nuts seizing and to make it easier to remove in future, is it advisable to coat the fittings in something? If...
  15. D

    Fixing a Column radiator

    I have a Column radiator to fit to a porcelain tiled bathroom wall. The wall is breeze block covered (by solid bed of tile adhesive) with 12mm marmox board. The column radiator has four brackets with two fixing holes on each and come with screws and wall plugs. My questions are around the...
  16. I

    Unusual knob fixing - How to remove a tap knob with an unusual fixing?

    Is anyone familiar with the fixing on this 1960-70's "OSY" branded mixer tap knob? I am trying to change the washers but there seems to be no obvious way to remove the knobs. There is no screw or nut to release them. It might be push-fit but don't want to force it before confirming that is the...
  17. A

    Fixing dripping tap help

    Hi, I'm trying to fix a dripping tap in my kitchen. I can get the tap off but does anyone know what tool I need to get the main cartridge(?) part out? I only have a standard spanner and I can't get enough leverage on it because of the protruding grey cover(pic 2). Is this fairly simple to...
  18. Dan

    Ads are crazy on this forum, I'm aware of it and will be fixing it

    I am sorry again, out of the three forums we run, this seems to have been taken over by ads again. I am aware of it and will be fixing it this week. I'll update you once I'm done. Good luck out there and stay safe.
  19. M

    Fixing bath tap shower mixer to wall

    If have the below shower/bath tap mixer to fit. The finish wall won't be tiles but plastic sheeting. That isn't too strong. So I want a way of fixing the shower to the wall before it's sheeted. Do I use the offset connectors supplied and a back plate elbow or buy shower mounting kit? It's on to...
  20. M

    Metal strut channel fixing

    I’m after some 41mm metal slotted strut channel for using rubber lined Clips. can any of you recommend what channel and the M10 male bolts for fixing the clips to the channel please. Also I have seen on online video a certain company using this system on various projects and looks rather good...
Creating content since 2001. Untold Media.

OFFICIAL SPONSORS

OFFICIAL SPONSORS

Back
Top
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock