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What is Cartelization?

  Mar 07, 2022

What is Cartelization?

Q. Why is this in news?
A. The Competition Commission of India (CCI) issued its final order in an alleged case of cartelization involving four Japanese shipping firms, asking them to desist from avoiding competition with each other.

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.

Q. How do cartels hurt?

A.

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

A.

Q. What is the penalty for cartelization?

A.

Q. How might cartels be worse than monopolies?

A.

Q. How to stop the spread of cartelization?

A.