The word “cartel” conjures images of mobster movies, lurid headlines, and drug busts. But a less exotic brand of cartel can be far more relevant to the business world. In an economic sense, a cartel is simply a collection of independent businesses that would typically compete with each other, but which have instead agreed to cooperate with one another (or “collude”) to raise prices or otherwise control the market.
Please see full publication below for more information.
