Submitted by cogitator_tertius t3_ydg7ac in rva
GMUcovidta t1_its6ab7 wrote
Reply to comment by toocapak in Rent too damn high? Landlords have formed an illegal cartel according to several reports by cogitator_tertius
All large companies across industries use algorithms and software to help determine price increases.
RVAMS t1_itsb9ho wrote
Yeah but generally three competing companies in the same market aren't using the same algorithm. An algorithm that one company uses, that feeds of the data that it set for another company will artificially inflate prices like we're seeing here. That is price fixing.
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