1. Eichenwald, Kurt: The Informant
... met under false pretenses in order to collude on the proper price at which to sell lysine. Twenty-five such meetings occurred over the following four years. They had the opportunity for secret meetings, but as it turned out, Whitacre had been recording the incriminating conversations for the FBI. Through the formation of the cartel and their decision to set an artificially high ... price, they gained enormous market power, leaving little choice for the consumer. The buyers of lysine had little market ... and was not a large factor for increasing market share. The only market characterist...
- Word Count: 1966
- Approx Pages: 8