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cartel
A system whereby producers divide up the market between themselves, avoiding direct competition and not encroaching on each other's share of the market. See Walker in R. Friman and P. Andreas, eds ...
International Cartels Reference library
Harm G. Schröter
The Oxford Encyclopedia of Economic History
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 ...
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