There's a lot of cartels that dont promise to restrain output at a certain level, but so they sell the oil from a different flag. So regardless of whether everybody else keeps the same price or cuts their price, i have an incentive to cut my price knowing that i will cut my price first. And that's what under cuts thea cartel agreement. It makes it idon't ato be the patsy who waits last and loses market share. They raised they they lowered their price. Who would have thought? I'm sitting there. What are your thoughts on that? At, a lot of thoughts. Tat, i'll try to be brief first. You and i have said
Are tech giants such as Google, Amazon, or Facebook dangerous? Do they have too much power? Dive into the murky waters of antitrust as Michael Munger of Duke University talks with EconTalk host Russ Roberts about monopoly, antitrust policy, and competition in the 21st century.