Listen to this podcast. It is entitled the Fix is In.

https://www.thisamericanlife.org/168/the-fix-is-in

You will most likely have to copy this link and then paste it into the browser.

This is a true story about price fixing in America. This international oligopoly formed a cartel to set the price of a common household product. In your post, comment on this story and discuss if you think these types of cases are more prevalent in America than the public is aware of. Also, talk about how we need to become more vigilant against collusion and what we can do to 'catch' these cartels. In your text book, under the section of 'factors affecting the likelihood of successful collusion' comment on each of these factors in your post and discuss if ...

Per the textbook these are the six reason as to why collusion is successful

1. Number and Size Distribution of Sellers
2. Product Heterogeneity
3. Cost Structures
4. Size and Frequency of Orders
5. Threat of Retaliation
6. Percentage of External Output