Cartel

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What is a Cartel? Meaning.

A Cartel is a group of legally independent producers who act together to fix prices, to limit supply or to limit competition. Cartels are prohibited by antitrust laws in most countries; however informal and even some formal cartels continue to exist nationally and internationally.

A single legal entity that holds a monopoly position by this definition cannot be said to be a cartel, though it may be guilty of abusing said monopoly.

Examples of well-known formal cartels are the De Beers Diamond cartel, and by some accounts, the Organization of Petroleum Exporting Countries (OPEC).

Discuss Forum about Cartels. Start a new topic Share your knowledge or ask a question   🔥 NEW What are Monopoly Markets? Characteristics Monopoly market is the market where we can see only one supplier who is offering a good or service which has no substitutes. Characteristics of a monopoly market: - Only one supplier - ... 5   Reacting to a Cartel In general, being an entrepreneurial firm, how should you react to a cartel?... 3   1 comments

Information Sources Various sources of information regarding Cartels. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops. Leniency Programs in BRICS Countries Leniency Programs, Exemption from Sanctions, Competition Authorities, Cartels Leniency is described as exemption from penalties that would be otherwise levied on a member of a cartel if such a membe...

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Compare with: Horizontal Agreement  |  Horizontal Merger  |  Horizontal Integration  |  Oligopoly  |  Vertical Agreement  |  Competitive Environment

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