Coals Incorporation Case Study

Decent Essays
The damage through destructive competition will be large amount of money considering the total investment of the entrepreneurs in the market. The damage can exacerbate the level of efficiency in society, which competition law tries to protect. The situation needs to be improved with the cooperation among the competitors. A depression cartel is to be facilitated for a temporary period necessary to rescue an industry seriously hurt by an economic depression. The governments in advanced as well as developing countries have approved this type of cartel in severe economic depressions. Even the U.S. Supreme Court, in the Appalachian Coals Incorporation case, during the Great Depression, acknowledged the coal output limitation cartel without violating

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