BHP gives Barnett the finger, page-85

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    Its artificial, stability is created by forming a cartel and having members agree to reduce production in a coordinated manner.
    Scaling back production equally means everyone operates less efficiently as they don’t get as much return as they could on their investment.
    If the less profitably cease operating completely, the fittest can then operate at full efficiency and achieve greater profits than the cartel.
    Other than that, a cartel requires cooperation and trust between competitors, and as we have seen from OPEC, its just a matter of time until it collapses.
    And its illegal and will alienate our customers.
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