(Answered) : You own a gas station across the street from two other gas stations. When one of the gas stations across the street lowers their

You own a gas station across the street from two other gas stations. When one of the gas stations across the street lowers their prices, you did as well to keep up your business. The owner of the third gas station comes by and says he is going to sue you for price fixing, does he have a case, why or why not? When might it be price fixing?

Expert Answer

This is not the case of price fixing.

Price fixing occurs when their any sort of communication between competitors to keep the prices at certain level to remove the

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