What is cartel?

  • (noun): A consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service.
    Synonyms: trust, corporate trust, combine

Cartel

A cartel is a formal agreement among competing firms. It's 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.

Read more about Cartel.

Some articles on cartel:

Sonora Cartel - Operations
... The Sonora Cartel is believed to be one of the earliest cartels to begin shipping cocaine from Colombia, particularly from the Cali Cartel ... The cartel was involved in the cultivation and distribution of marijuana primarily, however secondary functions include the transportation and distribution of ... Operating out of northern central Mexico, the cartel was believed to smuggle drugs into Arizona, Texas and California from a network of ranches along the northern border region ...
List Of Gangs In The United States - Hispanic/Latin
... eta (Puerto Rican) Barrio Azteca (Mexican) Cali Cartel (Colombian) Dominicans Don't Play (Dominican) Fresno Bulldogs (Mexican) Ghetto Brothers (Puerto Rican) Gulf Cartel (Mexica ...
Antitrust Law On Cartels - European Union
... The EU's competition law explicitly forbids cartels and related practices in its article 81 of the Treaty of Rome ... explicitly forbids price fixing and limitation/control of production, the two more frequent cartel-types of collusion ... law also has regulations on the amount of fines for each type of cartel and a leniency policy by which, if a firm in a cartel, is the first to denounce the collusion agreement it is free of ...
Los Negros
... Los Negros was a criminal organization that was once the armed wing of the Sinaloa Cartel and after a switch of alliances, became the armed wing of the Beltrán-Leyva Cartel ... and had been contesting the control of the Beltrán-Leyva Cartel ... and blonde hair at the time they merged with the Sinaloa Cartel ...
Sonora Cartel - Background
... The Sonora Cartel was considered by the United States Drug Enforcement Administration (DEA) to be one of the oldest and best-established cartels ... The cartel′s roots are in the Guadalajara Cartel, which dissolved after the 1989 arrest of its co-founder, Miguel Ángel Félix Gallardo ... The Sonora cartel had direct links to Colombian drug cartels and operated routes into California, Arizona, Texas and Nevada ...