To prevent a cartel harming consumer’s benefit,
lots of Governments adopted the Leniency program
1) Definition
a syndicate or trust of firms,
created to generate unfair profits
2) Bad influence of cartel
1)By increasing prices,
and 2)decreasing outputs
Cartel harms consumer’s benefit
History of the Leniency Program
Since the adoption of the U.S.
of the Leniency Pro
Executive Summary
Cartel, a syndicate or trust of firms which is created to generate unfair profits, harms the consumers by increasing prices and decreasing outputs which eventually lead to inefficiency of the whole market. Leniency program is one which makes cartel broken by using ‘whistle blowers’. We choose the one example of Leniency program case “Imposing penalty to LPG firms in Kor
Communication Market can be divided into two groups : CDMA & GSM
CDMA?: Code Division Multiple Access
ex) QUALCOMM
GSM?: Global System for Mobile Communication
ex) Nokia, Sony
One of the most advance communications markets in the world with its 75% household fixed broadband penetration rate and 86% mobile user penetration rate.
South Korea had one of the lowest lev