What exactly is price fixing? And why is it bad? Whenever I go into Walmart to buy something, guess what? Their price is fixed. And it's the same price over at Target! Isn't the whole idea of running a business to price things so that you make a profit?
Now if an airline charged less than costs on a route to drive out a new competition, then I can see why that's illegal, but I don't understand the price fixing thing.