Cartels restrict consumer choices from "summary" of The Antitrust Paradox by Robert Bork
Cartels, by their very nature, seek to limit competition in order to increase their profits. One of the ways they accomplish this is by restricting consumer choices. When companies collude to fix prices or allocate markets, they effectively eliminate the competitive forces that drive innovation and lower prices. As a result, consumers are left with fewer options and are forced to pay higher prices for goods and services. By restricting consumer choices, cartels also stifle innovation and impede economic growth. When companies are not incentivized to compete on price or quality, there is little motivation for them to invest in research and development. This ultimately leads to a lack of new products and services in the marketplace, limiting consumers' ability to find products that best suit their needs. Furthermore, cartels can have ...
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