How to Break a Cartel in Reverse Auction Process
A combination is formed when businesses agree to act together for an anti-competitive purpose rather than contending against each other. The combination-forming companies divide the requests and guests between themselves and agree on prices. The consequences are increased prices and deteriorating quality of products and services. Several profitable studies and legal opinions of antitrust authorities have planted that the median price increase achieved by cartels in the last 200 times is around 25. Principal Procurement Officers (CPOs) are demoralized with the demanding task of relating to and breaking these cartels. Competition laws frequently prohibit private cartels. Identifying and breaking up cartels is an important part of the competition policy in utmost countries. As Chief procurement officers (CPOs), you're demoralized with the demanding task of relating and breaking these cartels, especially in a reverse transaction process. Still, it's important for you to take into