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This only worked because it was a commodity that could be resold without much extra expense, and the cartel wasn't willing to sell at a loss everywhere. Great
by axus 13y ago
This only worked because it was a commodity that could be resold without much extra expense, and the cartel wasn't willing to sell at a loss everywhere. Great history lesson!
- rallison 13y agoThat, and in the US (and many other countries), we also now have government protections against price dumping [1]. Not to say it doesn't still happen, but there is some recourse. Regardless, a good read. [1] https://en.wikipedia.org/wiki/Dumping_(pricing_policy)#Actions_in_the_United_States https://en.wikipedia.org/wiki/Dumping_(pricing_policy)#Actio...
- perlpimp 13y agoif there were anti-dumping policy then Dow would not have the way to profit off those monopolies. strange how sometimes government control can forbid such clever ingenuity as Dow employed in this situation.
- AutoCorrect 13y agogood thing that didn't happen in today's culture - I'm sure his competitors would have sold the chemicals along with a no-resale clause in the contract...