Cartel

What Does Cartel Mean?
A small group of producers of a good or service who agree to regulate supply in an effort to control or manipulate prices.

Investopedia explains Cartel
The best known example of a cartel is probably the Organization of Petroleum Exporting Countries (OPEC).

Related Terms

Antitrust
Biodiesel
Collusion
Oligopoly
Organization of Petroleum Exporting Countries - OPEC
Price Fixing
Price Rigging
Supply
More Related Terms

Related Links

Antitrust Defined - Check out the history and reasons behind antitrust laws, as well as the arguments over them.
Getting A Grip On The Cost Of Gas - Feeling overwhelmed by rising oil prices? We offer some tips that will save you money.
OPEC.org - The official site for the Organization of Petroleum Exporting Countries.
Hamburger Economics: The Big Mac Index - In theory, PPP stands up much better than it does in reality. Find out how to evaluate currencies according to the price of a Big Mac.

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