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A cartel is an organization formed by producers to limit competition and increase prices by creating artificial shortages through low production quotas, stockpiling, and marketing quotas. Cartels can be vertical or horizontal but are inherently unstable due to the temptation to defect and falling prices for all members.
May 19, 2023 · A cartel is a collection of independent businesses or organizations that collude to manipulate the price of a product or service. Cartels are competitors in the same industry and seek to reduce...
Oct 11, 2021 · A cartel is a group of firms that conspire to reach an agreement over such conduct by explicitly communicating with each other for the purpose of collusion.
May 22, 2024 · drug cartel, an illicit consortium of independent organizations formed to limit competition and control the production and distribution of illegal drugs. Drug cartels are extremely well-organized, well-financed, efficient, and ruthless.
CARTEL definition: 1. a group of similar independent companies who join together to control prices and limit…. Learn more.
A drug cartel is a criminal organization composed of independent drug lords who collude with each other in order to improve their profits and dominate the illegal drug trade. Drug cartels form with the purpose of controlling the supply of the illegal drug trade and maintaining prices at a high level. The formations of drug cartels are common in ...
1. : a written agreement between belligerent nations. 2. : a combination of independent commercial or industrial enterprises designed to limit competition or fix prices. illegal drug cartels. 3. : a combination of political groups for common action. Did you know?
May 17, 2024 · cartel, association of independent firms or individuals for the purpose of exerting some form of restrictive or monopolistic influence on the production or sale of a commodity. The most common arrangements are aimed at regulating prices or output or dividing up markets.
Sep 7, 2022 · Introduction. Mexican authorities have been waging a deadly battle against drug cartels for more than a decade, but with limited success. Thousands of Mexicans—including politicians, students, and...
Oct 24, 2019 · 24 October 2019. Getty Images. Mexico's brutal drug war claims thousands of lives every year, as powerful trafficking groups battle it out for territory and influence. These cartels control vast...
