Landlords and property managers can’t collude on rental pricing. Using new technology to do it doesn’t change that antitrust fundamental. Regardless of the industry you’re in, if your business uses an algorithm to determine prices, a brief filed by the FTC and the Department of Justice offers a helpful guideline for antitrust compliance: your algorithm can’t do anything that would be illegal if done by a real person.
So, as before:
gestures broadly at entire economy
Actually, as before it was:
And the answer to that was yes. Fines serve a purpose.
Yeah, the purpose they serve is to set a cost for breaking the law that is almost always lower than the profits gained by doing so.
In order to encourage the economy we have.