> informal agreement to keep transaction fees about the same
This would be like, ridiculously illegal. It's also not practical; if you can steal customers, the incentive to undercut is very strong.
> This would be like, ridiculously illegal. It's also not practical;
Not if you pay a bit of dividends to jared or dtj
i just wonder why you think fees are high. seemingly the only thing that keeps fees low elsewhere in the world is regulations.
Of course, but that's the thing about "informal" agreements: presumably there's no record of it. Price collusion happens way more than most realize. I was at a trade show for my employer when a competitor walked up to our booth and out loud proposed that we should all fix our prices. We didn't of course, but the brazenness of saying something like that out in the open like was what surprised me.