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10-06-2022
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In the United States cartels are Multiple Choice quite common in industries that produce nondurable goods. concentrated in monopolistically competitive industries. in violation of the antitrust laws. encouraged by government policy so firms can achieve economies of scale.

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nikitavidya0 nikitavidya0

20-06-2022

The United States cartels are in violation of the antitrust laws.

What is Antitrust Law?

Antitrust Law is the US based law which is based on the federal laws that how to regulate the conduct in the business in order to promote the competition and remove the monopoly of one single company.

The purpose of the US cartels is look after the market prices and curtail the monopoly of the one industry.

In order to maximize profit and disturb market equilibrium, two or more competing enterprises must collude to agree on selling prices or quantities.

Thus The United States cartels are in violation of the antitrust laws.

Learn more about Antitrust Law here:

https://brainly.com/question/8431756

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