Price book
Economics
In economics, a price book is a book in which the normal prices of an item are listed for all suppliers. This allows one to determine the lowest price possible.
If a group of suppliers adhere to a particular price book, in other words, they set the prices of the price book artificially higher than the market clearing price, then they are "fixing the price" of that item. This is illegal in most countries and is often found in oligopolies (industries with a few competitors (2-8), but not enough to make it a perfect market).
Construction industry
In construction a price book is used to estimate the cost of work. Historically the Carpenters' Company of the City and County of Philadelphia used their price book to control prices.[1]
gollark: Oh, and my city's subway system is running a reduced service, but for some reason the train network is running exactly the same as usual with probably a fifth of the usual passengers on my line.
gollark: My school is planning to try online learning or something, which I am sure will go badly.
gollark: ```What will happen about exams?In England and Wales, all exams in May and June have been cancelled, including GCSEs, A-levels and primary school national curriculum tests known as Sats.Mr Williamson told the Commons on Wednesday: "I can confirm we will not go ahead with assessments or exams and that we will not be publishing performance tables for this academic year."We will work with the sector and [the exams watchdog] Ofqual to ensure children get the qualifications that they need."```- from the BBC
gollark: Not really.
gollark: The wording is a bit ambiguous so in theory they might be planning to do them later, but it seems like they're being cancelled.
References
- Eggener, Keith. American architectural history: a contemporary reader. London: Routledge, 2004. 113. Print.
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