Domestic cartel

Nature

The cartel is a form of monopolistic agreement among companies, usually belonging to one economic sector, for the purpose of extracting monopolistic profits through quotas regulating the volume of production and of products marketed for all its basic participants.

Claim

Domestic cartels are a grave threat to fair competition and economic justice. By colluding to fix prices, limit supply, or divide markets, these secretive alliances exploit consumers, stifle innovation, and undermine trust in the marketplace. Their unchecked power leads to higher prices and fewer choices for everyone. Tackling domestic cartels must be a top priority for regulators and lawmakers to protect the public interest and ensure a healthy, competitive economy.