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
They very much can when they’ve been proven to collude to keep prices up.
If any one of them started making more RAM, they’d make a lot more profit than the other two. If all 3 did, they’d all still make a bunch of profit, but not as much as right now. They have an agreement that nobody ramps up RAM production so everyone gets to keep super high margins.
In the past they’ve literally agreed upon a target price to keep…
See also: https://en.wikipedia.org/wiki/Phoebus_cartel
See also: https://en.wikipedia.org/wiki/DRAM_price_fixing_scandal
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
If they’re running a price-fixing scheme they sure can
They very much can when they’ve been proven to collude to keep prices up.
If any one of them started making more RAM, they’d make a lot more profit than the other two. If all 3 did, they’d all still make a bunch of profit, but not as much as right now. They have an agreement that nobody ramps up RAM production so everyone gets to keep super high margins.
In the past they’ve literally agreed upon a target price to keep…
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.
Well… https://www.youtube.com/watch?v=zb7Bs98KmnY