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Elihay "Eli" Morchi


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Name: Elihay "Eli" Morchi Age: 34 Current Occupation: Entrepreneur; Shareholder of Pawn Crashers. Approximate Wealth: $2,000,000 Vehicle(s): Lampadati Novak Lik

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Posted (edited)

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Price Fixing

"Price fixing is an agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.

The intent of price fixing may be to push the price of a product as high as possible, generally leading to profits for all sellers but may also have the goal to fix, peg, discount, or stabilize prices. The defining characteristic of price fixing is any agreement regarding price, whether expressed or implied.

Price fixing requires a conspiracy between sellers or buyers. The purpose is to coordinate pricing for mutual benefit of the traders."

 

Los Santos, Pawn Store Union - Price fixing requires a conspiracy between sellers or buyers. 

Edited by K3V
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Posted (edited)

Back in business! (Been unable to get in game for almost a month, it simply wouldn't load. Back with a vengeance.)

 

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Edited by K3V
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