EternalStargazer comments on Three Parables of Microeconomics - Less Wrong

25 Post author: jimrandomh 09 May 2014 06:18PM

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Comment author: EternalStargazer 28 May 2014 08:07:56PM 1 point [-]

If something as simple as this can be considered a cartel, then the entire free market system is a cartel.

The whole point is that companies can only communicate with each other in this manner, and not directly, because that would be collusion.

When I have time, I'll look up the specific legislation, though i suspect it varies by area.