Private international cartels (those with participants from two or more nations) had an average price increase of 28%.
Then he swung right round and started doing jobs for one of the international cartels.
"The division will actively prosecute such international cartels," she said.
At the time, it was the biggest international cartel ever uncovered by Federal prosecutors.
Antitrust experts say international cartels develop because the right dynamics are in place.
Right before their eyes he had transformed his syndicate into an international cartel.
In other words, it thinks an international cartel would be just fine.
- In a world of free trade, international cartels would disappear even more quickly.
Empirical research shows that international cartels raise prices by over 20%.
It also took steps to break down the international cartel that keeps overseas phone rates at more than triple domestic levels.