Resource title

Cartel

Resource image

image for OpenScout resource :: Cartel

Resource description

A cartel is formed when a group of independently owned businesses agrees not to compete with each other in areas such as prices, territories, and production. A cartel agreement is considered a collusive agreement in that the different parties agree not to allow market forces to determine their pricing, production, and other business practices.

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Resource publish date

Resource language

en

Resource content type

text/html

Resource resource URL

http://www.referenceforbusiness.com/encyclopedia/Ca-Clo/Cartel.html

Resource license

Copyright © 2011 Advameg, Inc.