A group of firms acting together to restrict prices. Most commonly a group of producers agree not to sell below a given price to give themselves monopoly pricing power.... more on: Cartel
an international syndicate formed to regulate prices and output in some field of business
A group of companies or individuals who collectively conspire secretly to limit competition and affect market prices by controlling production and marketing.
Context is: trade term. An alliance or arrangement among industrial, commercial, or state-controlled enterprises producing the same commodity, aimed at regulating the purchase, production, or marketing of the commodity. A cartel agreement is often accompanied by output and investment quotas. When a cartel gains monopoly power, it will normally seek to maximize profits by raising prices and limiting supply. See also Commodity; Monopoly; Organization of Petroleum Exporting Countries.
A group of interested parties who voluntarily agree to co-ordinate their policies and thus artificially affect the market forces of supply and demand to their own advantage.
An Association formed to manipulate the price of a certain product on the world market. Ex: Organization of Petroleum Exporting Countries (OPEC)
a group of producers in the same industry who coordinate pricing and production decisions.
a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service; "they set up the trust in the hope of gaining a monopoly"
a formal agreement among firms in an oligopolistic industry
a grouping of companies that are bound together by contracts or agreements designed to promote inter-company cooperation and thereby reduce competition between them
a group joined to artificially fix the output of the group
a group of businessmen who control price, and that's what we've got here
a group of companies which have entered into an agreement to fix their prices or to share the market so that they can raise prices by removing and/or reducing the competition around
a group of formally independent producers whose goal it is to fix prices , to limit supply and to limit competition
a group of independent businesses which join together to coordinate the production, pricing, or marketing of their members
a group of sellers of a product or service who, instead of competing with each other in an open market, band together and try to eliminate that competition
a group of sellers of something who agree with each other to suppress competition among themselves in order to extract monopoly prices from customers
a group of suppliers or manufacturers who club together to fix prices, to limit supplies and to limit competition
a group of two or more companies who are competitors or potential competitors, who do enter into such arrangements
a group that restricts supply in order to drive up prices
a highly organised formal arrangement to fix prices
an agreement among producers that seeks to artificially increase prices by arbitrarily raising them, by reducing supplies, or by allocating markets
an example of collusion, an anti-competitive agreement to restrict output, raise price and avoid competitive practices, especially price reduction/competition
an international organization formed to regulate prices and production
an organization formed by producers whose purpose is to allocate market shares, control production, and regulate prices
an organization of firms that jointly make decisions about prices and production for the entire group, and usually attempts to charge monopoly prices and limit production to monopoly rates of output
an organization of separately owned producers cooperating, often through quotas on production, to achieve a price above what the free market would have chosen
a type of monopoly and may be prevented by legislation, e
A form of market structure where there is an open and formal agreement among firms to collude in determining output, distribution, and/or price of a commodity.
A group of firms acting together to limit output, raise price, and increase economic profit. (p. 348)
A group of producers who enter a collusive agreement to restrict output in order to raise prices and profits.
an association of industrialists or nations formed to establish an international monopoly
a group of producers or sellers who combine to avoid competition and increase profits by fixing prices and quantifies.
A group of firms or nations that form a bloc to restrict supply of and increase profit from a particular product. OPEC is an example of an oil cartel.
A group of sellers acting together in the market.
a group of producers with an agreement to collude in setting prices and output
An alliance or arrangement among enterprises in the same field of business aimed at securing an international monopoly. A cartel usually seeks to control production or the amount marketed to raise prices and maximize profits.
A group of suppliers acting in concert to control supply artificially, thus affecting price.
A collection of independant producers formed to regulate production, pricing, and marketing of members to maximize market power and limit competition.
An agreement between businesses to restrict competition and keep prices high.
A group of firms that has entered into a collusive agreement to restrict output and increase prices and profits.
A group of suppliers who get toghether to control the supply or the price of their product. Some cartels, such as OPEC, operate overtly. Others are less easy to pin down. For example, if the prices for electrical goods are the same in most shops, is this because the makers have colluded in making retailers charge these prices? Or is it because the market forces retailers not to charge more than their competitors
A group organised to manipulate prices by regulating the production and marketing of a specific product. The Organisation of Petroleum Exporting Countries is the good example.
A group of firms (or nations) who agree to keep the price of certain goods above the level to which they would otherwise fall under free competition.
An association of firms in the same line of business that regulates prices on an international basis by restricting output and competition.
a group of firms formally agreeing to control the price and output of a product
an arrangement among, or on behalf of, producers engaged in supplying a raw material or product, with the purpose of limiting or eliminating competition among producers. Page 97
A group organized to manipulate prices by regulating the production and marketing of a specific product. The Organization of Petroleum Exporting Countries is a good example.
A group of independent producers which regulates production, pricing, and marketing by members to maximize market power and limit competition.
An association of several independent national or international business organizations that regulates competition by controlling the prices, the production, or the marketing of a product or industry.
A cartel is a group of formally independent producers whose goal is to increase their collective profits by means of price fixing, limiting supply, or other restrictive practices. Cartels typically control selling prices, but some are organized to control the prices of purchased inputs. Cartels are prohibited by antitrust laws in most countries; however, they continue to exist nationally and internationally, openly and secretly, formally and informally.
Cartel is the first Turkish rap group. They are popular in Turkey, Germany and Austria.
