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The illegal drug trade in Colombia has, since the 1970s, centered successively on four major drug trafficking cartels: Medellín, Cali, Norte del Valle, and North Coast, as well as several bandas criminales, or BACRIMs. [ 1] The trade eventually created a new social class and influenced several aspects of Colombian culture, economics, and ...
Non-price competition. A model of imperfect competition in the short-run. Non-price competition is a marketing strategy "in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship". [ 1] It often occurs in imperfectly competitive markets because it exists between ...
A cartel is an organization formed by producers to limit competition and increase prices by creating artificial shortages through low production quotas, stockpiling, and marketing quotas. Cartels can be vertical or horizontal but are inherently unstable due to the temptation to defect and falling prices for all members.
Predatory pricing is a commercial pricing strategy which involves the use of large scale undercutting to eliminate competition. This is where an industry dominant firm with sizable market power will deliberately reduce the prices of a product or service to loss-making levels to attract all consumers and create a monopoly. [ 1]
The ACCC instituted proceedings against British Airways seeking penalties for alleged price fixing contraventions relating to fuel surcharges applied to international carriage of air cargo between 2002 and early 2006. [ 1] The Federal Court in Sydney ordered British Airways to pay $5 million in pecuniary penalties for breaching the price fixing ...
José Santacruz-Londoño. José Santacruz Londoño (1943–1996) was a Colombian drug lord from Santiago de Cali. Along with Gilberto Rodríguez Orejuela and Miguel Rodríguez Orejuela, Santacruz Londoño was a leader of the Cali Cartel. The trio was profiled in a Time magazine cover story in July 1991.
The pilot was killed during the crash. The plan was aborted and they had to conduct a rescue mission up the dense mountainside. [65] [66] One plan included the use of a privately owned A-37 jet to bomb the prison holding Escobar. Finally, Escobar went to prison, where he continued to run his Medellin Cartel and menace rivals from his cell. [66]
The Centers for Medicare and Medicaid Services (CMS) released its first-ever negotiated drug price list Thursday morning to a muted response on Wall Street. But industry and government officials ...
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