Editing Price fixing (section)

==Why it is a problem==

=== Elimination of competition ===
In the current economic landscape, competition drives the benefit of the consumer, be it by driving down prices, providing better quality products, and more. The elimination of this competition means events such as [[shrinkflation]] may occur.

=== Refusal of service ===
Cases, such as in Puerto Rico with optometrists,<ref name=":1">{{Cite web |last=Federal Trade Commission |date=Sep 11, 2007 |title=Colegio de Optometras, Edgar Davila Garcia, O.D., and Carlos Rivera Alonso, O.D., In the Matter of |url=https://www.ftc.gov/legal-library/browse/cases-proceedings/051-0044-colegio-de-optometras-edgar-davila-garcia-od-carlos-rivera-alonso-od-matter |access-date=Mar 24, 2025 |website=ftc.gov}}</ref> have occurred where unless contracts were on collectively agreed-upon terms from the companies, that these contracts were refused or threatened to be refused. This can corner consumers to agree to unfavorable terms, such as [[forced arbitration]], to access a product or service.