Tag: cartel
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Cartel
Word of the Day: Cartel At the end of February, Mexico erupted into violence after Mexican authorities killed an important and powerful cartel leader. Everybody understands this guy was a drug lord. But do you know what a cartel is? Sometimes, criminal organizations form a cartel to control illegal activities, such as drug trafficking. In…
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Price-fixing
WotD: Price-fixing Competition is the bedrock of a free market and is good for the customer. It allows consumers to find the best price. Price-fixing, on the other hand, is the enemy of the free market because it eliminates competition and deprives the consumer of choice. Unfortunately, price-fixing has always existed. Price-fixing occurs when sellers…
