This seems to be a post implying that price fixing in the electronics industry is unthinkable because electronics are complex to manufacture.
The actual history of the industry would indicate that price fixing is common: the LCD[1], RAM[2], optical drives[3][4], GPU[5] and CPU[6] markets have all faced massive scandals involving price fixing or other anti competitive collusion, often resulting in huge fines.
I'm really just trying to imply that price fixing in the TV industry seems unlikely because TVs are unbelievably cheap compared to what I know (admittedly, little) of the cost to manufacture them.
Price fixing in electronics seems entirely possible, and I don't doubt that it happens. But if it was happening in the world of TVs, surely TVs would cost more than they do now.
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Nah, I'm sure ten square feet of delicate electronics crammed with millions of transistors costs pennies to manufacture....
This seems to be a post implying that price fixing in the electronics industry is unthinkable because electronics are complex to manufacture.
The actual history of the industry would indicate that price fixing is common: the LCD[1], RAM[2], optical drives[3][4], GPU[5] and CPU[6] markets have all faced massive scandals involving price fixing or other anti competitive collusion, often resulting in huge fines.
[1] http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aP1P0...
[2] http://en.wikipedia.org/wiki/DRAM_price_fixing
[3] http://www.computerworld.com/s/article/9243591/HP_sues_seven...
[4] http://www.pcworld.com/article/240937/hitachilg_data_storage...
[5] http://www.engadget.com/2008/09/28/nvidia-details-settlement...
[6] http://www.nytimes.com/2009/05/14/business/global/14compete....
I'm really just trying to imply that price fixing in the TV industry seems unlikely because TVs are unbelievably cheap compared to what I know (admittedly, little) of the cost to manufacture them.
Price fixing in electronics seems entirely possible, and I don't doubt that it happens. But if it was happening in the world of TVs, surely TVs would cost more than they do now.