A fact about industrial organization that recently surprised me:
Antimonopoly rules prevent competitors from coordinating. One exemption in the US is political lobbying: executives can meet at their political action committee. Joint projects in some industries are organized as for-profit companies owned by (nonprofit) political action committees.
A fact about industrial organization that recently surprised me:
Antimonopoly rules prevent competitors from coordinating. One exemption in the US is political lobbying: executives can meet at their political action committee. Joint projects in some industries are organized as for-profit companies owned by (nonprofit) political action committees.