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A cartel is an organization formed by producers to limit competition and increase prices by creating artificial shortages through low production quotas, stockpiling, and marketing quotas. Cartels can be vertical or horizontal but are inherently unstable due to the temptation to defect and falling prices for all members.
A drug cartel is a criminal organization composed of independent drug lords who collude with each other in order to improve their profits and dominate the illegal drug trade. Drug cartels form with the purpose of controlling the supply of the illegal drug trade and maintaining prices at a high level. The formations of drug cartels are common in ...
May 19, 2023 · Cartel: A cartel is an organization created from a formal agreement between a group of producers of a good or service to regulate supply in an effort to regulate or manipulate prices. In other ...
CARTEL definition: 1. a group of similar independent companies who join together to control prices and limit…. Learn more.
cartel: [noun] a written agreement between belligerent nations.
May 22, 2024 · drug cartel, an illicit consortium of independent organizations formed to limit competition and control the production and distribution of illegal drugs. Drug cartels are extremely well-organized, well-financed, efficient, and ruthless. Since the 1980s, they have dominated the international narcotics trade.. The U.S. war on drugs began under the administration of Pres. Richard Nixon.
