Cartel

 

 

 

Cartel

 

Glossary of business

 

Definition of cartel

 

A cartel is where a group of firms act together to fix price, output or conditions of sale. Cartels are illegal under UK and European competition law and firms may be subject to fines or other sanctions if they are found to be operating one. Cartels are most likely in oligopolistic markets, particularly where the market is a relatively mature one.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of cartel

 

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Meaning of cartel

 

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