Cartel
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A cartel is a formal agreement among competing firms. It is a formal organization where there is a small number of sellers and usually involve homogeneous products. Cartel members may agree on such matters as price fixing, total industry output, market shares, allocation of customers, allocation of territories, bid rigging, establishment of common sales agencies, and the division of profits or combination of these. The aim of such collusion (also called the cartel agreement) is to increase individual members' profits by reducing competition.
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See also
- Anti-trust law
- Bid rigging
- British Valve Association
- Business oligarch
- Collusion
- Competition regulator
- Content cartel
- De Beers
- Drug cartel
- Economic regulator
- Federal Reserve
- Industrial organization
- IATA
- Labour union
- Monopoly
- Monopsony
- OPEC
- Organized crime
- Phoebus cartel
- Price fixing
- Price umbrella
- Robber baron
- Standard Oil
- State cartel theory
- Tacit collusion
- Trust
- Zaibatsu
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Cartel" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
