| posp. |
cartel (association of independent firms or individuals for the purpose of exerting some form of restrictive or monopolistic (monopoly and competition) influence on the production or sale of a commodity. The most common arrangements are aimed at regulating prices or output or dividing up markets. Members of a cartel maintain their separate identities and financial independence while engaging in common policies. They have a common interest in exploiting the monopoly position that the combination helps to maintain. Britannica Alexander Demidov) |
