About a couple of years ago, a court decision was made that would give manufacturing companies the power to decide what the minimum price for their goods should be. This could potentially affect online retail companies too.
eBay, the Burlington Coat Factory, and the U.S. Federal Trade Commission are pushing to have the court decision overturned. The decision ruled that price-fixing is not a violation of U.S. anti-trust laws.
The Supreme Court decision made was in a court case called Leegin Creative Leather Products vs. PSKS. eBay VP Ted Cohen has been calling on Congress to pass a bill called the Discount Pricing Consumer Act which would prevent vertical price-fixing.
[via PCW]
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Yup ebay blows, they fail to realize that the sellers are providing ebay with the profit,without sellers or our products ebay is nothing but a cheap chinese outlet. 50 % of my recent buyers have been bogus out of country idiots that ask for outrageous discounts, its not at all cool.I AGREE someone needs to start up a new auction site.Those idiots at ebay are turning into dinosaurs. SP