Somebody call Tony Merchant.
In Canada, it is an indictable criminal offense under
section 45 of the Competition Act. Bid rigging is
considered a form of price fixing and is illegal in both
the United States (s.1 Sherman Act) and Canada (s.47
Competition Act). In the United States, agreements to
fix, raise, lower, stabilize, or otherwise set a price are
illegal per se.[10] It does not matter if the price
agreed upon is reasonable or for a good or altruistic
cause or if the agreement is unspoken and tacit. In
the United States, price-fixing also includes
agreements to hold prices the same, discount prices
(even if based on financial need or income), set credit
terms, agree on a price schedule or scale, adopt a
common formula to figure prices, banning price
advertising, or agreeing to adhere to prices that one
announces.[11] Although price fixing usually means
sellers agreeing on price, it can also include
agreements among buyers to fix the price at which
they will buy products.
In Canada, it is an indictable criminal offense under
section 45 of the Competition Act. Bid rigging is
considered a form of price fixing and is illegal in both
the United States (s.1 Sherman Act) and Canada (s.47
Competition Act). In the United States, agreements to
fix, raise, lower, stabilize, or otherwise set a price are
illegal per se.[10] It does not matter if the price
agreed upon is reasonable or for a good or altruistic
cause or if the agreement is unspoken and tacit. In
the United States, price-fixing also includes
agreements to hold prices the same, discount prices
(even if based on financial need or income), set credit
terms, agree on a price schedule or scale, adopt a
common formula to figure prices, banning price
advertising, or agreeing to adhere to prices that one
announces.[11] Although price fixing usually means
sellers agreeing on price, it can also include
agreements among buyers to fix the price at which
they will buy products.