Every day consumers base their buying decisions on seven predictable yet irrational criteria. If you are not familiar with them, your business is at risk of losing business to competitors that are.
Published January 9, 2006
Record fines levied in price setting conspiracy
The previous record fine for a domestic corporation in a conspiracy was $2.5 million.
Each corporation admitted that the illegal agreements extended to:
- respecting each other's market share to stabilize prices;
- coordinating a response to a new market entrant;
- implementing a common discount program;
- maintaining price discipline to avoid a price war; and
- sharing sales and pricing data.
The Competition Bureau, an independent law enforcement agency, initiated an investigation into the activities of the three firms in 2002. The investigation revealed that the convicted companies conspired to avoid competing with one another in the carbonless sheet markets in Ontario from October 1999 to September 2000, and during 2000 in Quebec. Carbonless sheets are used by commercial printers in the manufacture of forms and receipts.
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