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date: 07 December 2023

International Cartels. 

Source:
The Oxford Encyclopedia of Economic History
Author(s):
Harm G. SchröterHarm G. Schröter

A cartel is an agreement between independent organizations of the same branch of industry, set up with the purpose of influencing the market. Such a comprehensive definition is needed to cover government-run organizations, such as the Organization of Oil Exporting Countries (OPEC), founded in ... ...

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