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> Why would they stop working when everyone does it? If everyone does it, it's a de facto cartel. Cartels generally end when one of the members breaks ranks a
by Turing_Machine 2y ago
> Why would they stop working when everyone does it?
If everyone does it, it's a de facto cartel.
Cartels generally end when one of the members breaks ranks and starts selling the product for less than the agreed-upon cartel price and vacuuming up all the customers. The result is often a price war.