Cartel

Knowledge Center

• About
• Home
• Dictionary
• Encyclopedia
• Question?
• Views

• Register
• Log in
• Help

• Change & Organization
• Communication & Skills
• Decision-making & Valuation
• Ethics & Responsibility
• Finance & Investing
• HRM
• Knowledge & Intangibles
• Leadership
• Marketing
• Program & Project
• Strategy
• Supply Chain & Quality

Description of Cartel. Explanation.

Definition Cartel. Description.

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).

Cartels Forum   What are Monopoly Markets? Characteristics Monopoly market is the market where we can see onl...           Reacting to a Cartel In general, how should you react to a cartel?...         Begin a new topic

Cartels Special Interest Group Special Interest Group

Best Practices - Cartels Premium

Expert Tips - Cartels Premium

Resources - Cartels Premium   News about Cartels         Videos about Cartels         Presentations about Cartels         More about Cartels

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

Return to Management Hub: Ethics & Responsibility  |  Strategy  |  Supply Chain & Quality

More on Management  |  Return to Management Dictionary  | 

This ends our Cartel summary and forum.