They were grouping together to all raise prices at once. If everyone who sold food suddenly raised their costs together, would it be fair? There’d be consumers to buy it. Basic economics!
Just because people would pay more for something, doesn’t mean they should have to
See also: https://en.wikipedia.org/wiki/Phoebus_cartel
See also: https://en.wikipedia.org/wiki/DRAM_price_fixing_scandal
Well… https://www.youtube.com/watch?v=zb7Bs98KmnY
How is that their fault?
There are consumers, who are willing to pay more. Basic economics
They were grouping together to all raise prices at once. If everyone who sold food suddenly raised their costs together, would it be fair? There’d be consumers to buy it. Basic economics!
Just because people would pay more for something, doesn’t mean they should have to
We don’t know, but we have another explanation: consumers went to buy from all three memory manufacturers at once, offering the same, high price.
The problem lies in 3 companies owning a monopoly on dram production and all conspiring together to make things shit for everyone who isn’t them
3 companies can’t all have a monopoly on the same thing lol
The problem is the fact demand is higher than supply, which memory manufacturers are trying to solve.
If they’re competing with each other, which they are, it’s not a monopoly.