Companies can distort competition by cooperating with competitors, fixing prices or dividing the market up so that each one has a monopoly in part of the market. Companies in cartels are not under pressure to launch new products, improve quality or keep prices down. Consumers end up paying more for lower quality. Cartels are illegal under EU competition law, and the Commission imposes heavy fines on the companies involved. However, as they are generally highly secretive, evidence is hard to find. In this video you will see how the European Commission works to fight against cartels.
Type: Documentary Reference: I-072385 Date: 05/01/2012 Duration: 09:19 Languages:ENGLISH,