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Ehm, what? Of course cartels can magically set prices. That's what a cartel is for: to make collusion easier.
by tremon 3y ago
Ehm, what? Of course cartels can magically set prices. That's what a cartel is for: to make collusion easier.
- eru 3y agoEven OPEC can't magically set prices. Cartels make collusion easier, but you still have to do concrete steps to raise market prices. OPEC does that via production cuts. Or rather tries to do that.