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>cartel: an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition. With the above defini
by wu-ikkyu 10y ago
>cartel: an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.
With the above definition, couldn't any industry/company bailed out by the government (i.e. United Airlines, AIG, Citigroup) be considered a cartel due to the fact that they are not allowed to be overtaken by competitive market forces?
- hkmurakami 10y agoPrice fixing is a defining element.
- wu-ikkyu 10y agoAt what point does setting your own prices become price fixing?