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Cartel Essay Topics & Paper Examples

Cartel and E-books

The article I selected concerns the upcoming antitrust trial of Apple for colluding with publishers to raise the price of e-books (Chen & Bosman, 2013). Why was the firm investigated for antitrust behavior? Apple was investigated, as well as several publishing companies for conspiring to keep e-book prices high. Amazon is the biggest retailer of e-books, and the publishing business has been thrown into chaos by the popularity of e-books. Publishing companies used the old publishing model of selling e-books like print books where the publisher sells the book to the retailer, like Amazon or Apple, at about half the price of the cover price and the retailer can sell the book at whatever price it chooses. (Chen & Bosman,…

Has OPEC been a Successful Cartel?

A cartel is an organisation of producers grouped together for their own benefit. The most well known cartel in existence today is OPEC, Organisation of Petroleum Exporting Countries. Its members are some (but not all) of the most important oil producing countries including Saudi Arabia and Mexico. Most cartels try to raise prices at the expense of consumers. The aim of this essay is to determine whether OPEC has been a successful cartel, this will mean I have to examine the strengths and weaknesses of OPEC which have been present throughout their existence of supplying oil. This should allow me to make an appropriate judgement on whether OPEC has been a successful Cartel. The brief history of oil prices show…

Drug Trafficking in Mexico

Drug Trafficking in Mexico: Social, Ethical and Political Problem. Around 20 years ago in Mexico, reading about someone getting his or her head cut-off was something from a horror movie, but times have changed now. Now it is not uncommon to hear about shootings, massacres, or people getting dissolved in acid. Nowadays, reporters have to cut back on whatever news they have for the media. Almost everyone is keeping secret all the things they know about the ongoing war on drugs. But why is it all like this now? Drug Cartels have clashed in gun battles against rivals and against the Mexican government. Nowadays it is really hard to tell who has the power in Mexico. My perspective on the…

Antitrust Practices and Market Power

Apple was investigated, as well as several publishing companies for conspiring to keep e-book prices high. Amazon is the biggest retailer of e-books, and the publishing business has been thrown into chaos by the popularity of e-books. Publishing companies used the old publishing model of selling e-books like print books where the publisher sells the book to the retailer, like Amazon or Apple, at about half the price of the cover price and the retailer can sell the book at whatever price it chooses. (Chen & Bosman, 2013) Apple entered into contracts with publishers that use an “agency model” to price e-books. This meant that publishers would set the price of e-books, and the retailer would get 30% of the…

OPEC CARTEL

“OPEC As a CARTEL” There are two kinds of extreme market structure and they are perfect competition and imperfect competition. In a perfectly competitive market there are many numbers of sellers and many numbers of buyers selling and buying homogeneous products, therefore there is very little impact of a single buyer or seller changing the price of his/her product. In an imperfect competitive market there are few sellers and these sellers have some control over the prices and output of the product. Here, in this kind of market the whole market is affected by an individual changing his/her product price. In USA most of the industries fall between these two extreme market structures. But in this essay we’ll talk about…

Antitrust practices

Antitrust practices are practices carried on by businesses that end up destroying perfect competition in the market. Antitrust laws are laws prepared to seek and promote healthy market competition by preventing anti-competitive practices by companies. Some of the illegal practices that constitute to antitrust behavior include corporate mergers, monopolies and price fixing conspiracies (Bailey, 2010). The Clayton Act of 1914 was passed by the U.S Congress. It was an antitrust law that was amended to stop and prevent practices that led to unhealthy competition in the market. The Clayton Act was amended in order to complement an earlier version of the antitrust law referred to as the Sherman antitrust Act of 1980. This was a federal law that sought to…