Remember how I said free market cartels and labor-market monopsony do not exist?
The subreddit called BadEconomics includes a delightful thread on the subject of cartels so I feel I should append it to this blog. Here you go. It goes something like this;
The discussion that kicked in subsequently was very interesting because it gave a lot of context on the contemporary telecommunication services industries in the USA.
Also, interesting debate was fired up about the anti-competitive nature of the government system of awarding permission to put down lines in localities.
Give it a read, you swinehunds!