Although this is a great article, I'd suggest this is not by any means a 'well known strategy' - it's rather a brilliant bit of entrepreneurialism and an anomaly at best.
It would take some serious financial backing, wherewithal to pull this off, moreover, it could really only be done in a commodity market.
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Although this is a great article, I'd suggest this is not by any means a 'well known strategy' - it's rather a brilliant bit of entrepreneurialism and an anomaly at best.
It would take some serious financial backing, wherewithal to pull this off, moreover, it could really only be done in a commodity market.
I'm not even sure it could be done today.
It happens in all sorts of industries.
Going back a bit, this one
http://www.heraldscotland.com/news/12093375.display/
I don't doubt that price fixing happens.
I doubt that small businesspeople can out-compete big cartels who want to dump on them.