What are industrial markets and consumer markets?

What should be done about markets where producers or consumer band together to swing the market in the favor?

• Answer:

  The best action to take here would be Government action. Any time a company or companies band together with each other in order to take a monopoly in a market, it goes against the Antitrust laws that forbid collusion and promote the free market economy. This type of Monopoly is illegal and if it is serious enough that the free market cannot work this out on it's own, then the government will come in and force the Monopolistic company to change their ways.