AUTO RENTALS: Trying Too Hard?

Travelers renting cars at most U.S. airports can choose to drive away the Fords of Hertz, the Plymouths of Avis or the Chevies of National Car Rental. Last week the Federal Trade Commission charged that the Big Three of the auto-rental business had combined to make sure that consumers got no other choice. Hertz, Avis and National, said the FTC, have been conspiring since 1968 to freeze competitors out of airport trade, which constitutes 70% of the $700 million-a-year business, and to keep car-rental prices artificially high.

The FTC alleged that Hertz, Avis and National conspired to submit identical bids...

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