Posted: February 17th, 2022
What are Cartels?
In competition law, cartels can be defined as a group of independent companies that join together to fix prices, limit the output of products being released to the market or undertake market segmentation. Besides, hardcore cartels often opt not to compete against each other by creating a monopoly that dictates the undertakings in the market. Although there are many adverse effects often associated with the activities undertaken by cartels, there are positive outcomes that are also worth mentioning.
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