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
International Labour Organization - ILO
Oligopoly
Organization of Petroleum Exporting Countries - OPEC
Price Fixing
Price Rigging
Supply
More Related Terms

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