I'd say a cartel works about as well as a monopoly. I think you're right about food, but you can get vertical(? - I can never remember vertical or horizontal) i

I'd say a cartel works about as well as a monopoly. I think you're right about food, but you can get vertical(? - I can never remember vertical or horizontal) integrations at some points like it seems we have with beef - lots of people can grow cows, but if a cartel gets control of the processing plants, they can squeeze the market at both ends.