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by notyourday
3112 days ago
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My view of cartels matches non-academic reality. Here's one: OPEC here's a non-member ( which is basically a cartel by itself) fucking it for them: US Here's another cartel: Siemens and Mitsubishi Heavy Industries Here's a competitor: Hyundai Heavy Industries When real world meets economic studies, economic studies get clobbered |
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If there was there would be a competing cartel as it is the case everywhere.
Providing two examples of where there are competing cartels is not an argument that this phenomenon occurs everywhere (emphasis originally yours). Your logic is off.