If you are looking for Cartel (the band), select
Cartel (band)A cartel is a formal (explicit) agreement among firms. Cartels usually occur in an
oligopolistic industry, where there are 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 is to increase individual member's
profits by reducing competition.
Competition laws forbid cartels. Identifying and breaking up cartels is an important part of the
competition policy in most countries, although proving the existence of a cartel is rarely easy, as firms are usually not so careless as to put agreements to collude on paper.
See more at Wikipedia.org...
Free Download Now!
