To: blam
Here's what is hurting OPEC: cartels usually fall apart over time. Anyone who's taken a course in college economics knows that while cartels initially enforce a price floor, the temptation to "cheat" by individual cartel members selling a good at a lower price is VERY high, and that ends up putting an end to them over time.
19 posted on
11/24/2014 11:42:53 AM PST by
RayChuang88
(FairTax: America's economic cure)
To: RayChuang88
the temptation to "cheat" by individual cartel members selling a good at a lower price is VERY high Andrew Carnegie once told a biographer the opportunity to cheat was the whole point of joining a cartel in the first place.
35 posted on
11/24/2014 1:08:12 PM PST by
SeeSharp
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