Using cartels

Running cartel

Description

Using cartels involves forming alliances between independent organizations or businesses to coordinate actions, such as setting prices, limiting production, or dividing markets, with the practical intent of controlling competition and stabilizing markets. This strategy aims to remedy issues like market volatility, destructive price wars, or resource overexploitation by fostering cooperation among competitors, thereby ensuring predictable outcomes, optimizing profits, and sometimes maintaining industry standards or protecting member interests against external threats.