Corrupt businesses can only do that if they’re in a situation without competition.
With competition in play, they can’t just push up prices arbitrarily without losing business to their competitors.
A situation without competition between businesses is more like a corrupted market. I guess the businesses are themselves corrupt too, to be participating in such a price fixing cartel, to take the opportunity provided by the corrupted market, but the only reason they’re able to is if their competition has been eliminated.
Corrupt businesses can only do that if they’re in a situation without competition.
With competition in play, they can’t just push up prices arbitrarily without losing business to their competitors.
A situation without competition between businesses is more like a corrupted market. I guess the businesses are themselves corrupt too, to be participating in such a price fixing cartel, to take the opportunity provided by the corrupted market, but the only reason they’re able to is if their competition has been eliminated.