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by bilbo0s
2244 days ago
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Trust means something fairly specific legally. A group of businesses that team up to, in theory, monopolize a market is a trust. A cartel would be when those businesses are all the manufacturers or suppliers, leaving, for instance, retailers with no other recourse but to pay the higher prices that the cartel sets. I think what you're thinking of with Amazon is more of a monopoly. I'm not sure they really need to team up with other businesses. EDIT: Yes. I know that Amazon does not fit the legal definition of "monopoly". I was only saying that if we bend the legal definition of "monopoly" a bit in just the right manner, Amazon would fit. Whereas Amazon would never fit the legal definition of "cartel", or "trust". |
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