Corporate Cartels Cause Economic Collusion, Leading to Higher Prices and Losses.
The article discusses how companies collude to fix prices and restrict competition, leading to higher prices for consumers. It explains why cartels are harmful and how they persist despite laws against them. The researchers show that cartels result in increased prices and reduced welfare for society. They also discuss how governments penalize antitrust violations and offer leniency programs to encourage companies to report collusion.