Competition thwarted this cartel when members reneged on the deal, exceeding their quotas. |
In fact, a synthetic antimalarial called mepacrine was produced in the 1930s by the German chemical cartel IG Farben. |
The Authority said it is very difficult to prove the existence of a cartel and pledged to monitor the situation in the town. |
If these things had happened solely in the private sector, the members of the cartel would have been prosecuted under the Trade Practices Act. |
They organize a cartel for the purpose of raising the price for the product in question. |
As with the pure monopoly, companies would join a cartel in order to try to protect themselves from the harmful consequences of competition. |