07 Jul The Lysine cartel of 1992-1995
Choose a cartel that has been brought to light. Describe the history of the cartel (including any government investigations), how it was discovered, and its alleged impacts on consumers. Using economic theory, describe the specific economic circumstances that allowed for the cartel to form, and ultimately led to its demise. Take a position on this issue – for the cartel that you have described, could pro-active monitoring have discovered the cartel earlier? Provide ample support for your position – that is, specifically describe why or why not. (Paper 1 expected to be 7-10 pages in length)
for an industrial organization course
