1. Cartels in America Today
"A cartel is national or international organization of manufacturers or traders allied by agreement to fix prices, limit supply, divide markets, or to fix quotas for sales, manufacture, or division of profits among the member firms. In that it often has international scope the cartel is broader than the trust, and in that it carries on manufacture it differs from the speculative corner or ring. I believe that the existence of cartels refutes the beliefs of free trade and classic theories of economic competition. The existence of cartels is in opposition to classic theories of economic competit...
- Word Count: 1643
- Approx Pages: 7
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