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A cartel is a group of independent market participants who collaborate with each other and avoid competing with each other in order to improve their profits and dominate the market. They seek to limit competition, fix prices, and increase prices by creating artificial shortages through low production quotas, stockpiling, and marketing quotas. Cartel…
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cartels price international prices market production economic industry members competition states also markets agreement organization first countries century united antitrust
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Cartel | is a | group of independent market participants who collaborate with each other and avoid competing with each other in order to improve their profits and dominate the market | 0.90 | text |
| corporate mergers | instance of | Cartels are distinguished from other forms of collusion or anti-competitive organization | 0.80 | text |
| Nazi Germany | instance of | authoritarian regimes | 0.80 | text |
| Italy under Mussolini | instance of | authoritarian regimes | 0.80 | text |
| and Spain under Franco used cartels to organize their corporatist economies | instance of | authoritarian regimes | 0.80 | text |
| price wars or financial punishment | instance of | Many cartels that attempt to set product prices are unsuccessful in the long term because of cheating punishment mechanisms | 0.80 | text |
| price changes alongside import rates | instance of | Indicators | 0.80 | text |
| market concentration | instance of | Indicators | 0.80 | text |
| time period of permanent price changes | instance of | Indicators | 0.80 | text |
| stability of companies' market shares are used as economic markers to help supplement the search for cartel behaviour | instance of | Indicators | 0.80 | text |
| Cartel | has effect | Private | 0.60 | section |
| Cartel | has effect | Less | 0.60 | section |
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