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Cartelization

  Nov 24, 2021

Cartelization

Q. Why is this in news?

A. The Competition Commission of India (CCI) has slapped certain penalties on paper manufacturing companies from agricultural waste and recycled wastepaper against Cartelization.

Q. What is a Cartel?

A.

  1. an agreement
  2. between competitors
  3. to restrict competition

Q. What is Cartelization?

A.

Q. How do they work?

A.

  1. price-fixing
  2. output restrictions
  3. market allocation and
  4. bid-rigging

Q. How do cartels hurt?

A.

Q. Are there provisions in the Competition Act against monopolistic prices?

A.

Q. How might cartels be worse than monopolies?

A.

Q.How to stop the spread of cartelization?

A.