Dark days at Gibson

[markb]

He who lives by the lawsuit...

[Plank_Spanker]

How does a company like Gibson fix prices? It's their product................they can name their own prices..............

I'm just a simple guitar player. Perhaps some learned economics expert here can clear this up for me?

[Eric***]

How does a company like Gibson fix prices? It's their product................they can name their own prices.............

This is just a musing, but I think cartels are illegal because it's when a bunch of companies in an industry get together and decide to inflate prices so that there aren't really any viable alternatives. It's as if Toyota, Honda, and every other car manufacturer got together and decided that they wouldn't sell a car for under $50K -- suddenly if you wanted a car, you'd have to give it to one of them.

I'm not saying that's what's happening here; I don't know anything of the situation. I do think that's one way in which price fixing can be bad, however.

[guitartango]

Lets face it, you are paying for a name, doesnt mean that their guitars are any good or put together well. My brother recently brought a Fender tele and the frets needed to be re-done , the action wasnt that good. All fixed but at a cost.