Hacker News new | ask | show | jobs
by CuriousCosmic 873 days ago
> If you provide a service that is cheap you are "predatory", if you provide a service that is very expensive you are "price gauging" and if you are average your are "colluding".

If you unsustainably provide a service for less than it costs you to undercut competition then yes it is predatory.

If you coordinate a standard price with your competitors then yes that's collusion.

If you overprice your service or good to extract a massive margin now that there's no competition (or the competition is also doing the same thing) or the consumer otherwise has no other choice then yes of course that's price gouging.

These really aren't that complicated of concepts.

1 comments

Sure but often these are levied by insiders to shut down outsiders. The long term problem with regulatory bodies is capture. Which is another reason that the core of this issue the Chevron doctrine is bad law. Regulator should be required to hue closely to their legislative mandate.