Cartel Behavior

Cartel behavior refers to the practices of a group of businesses or organizations that collude to control market conditions, such as prices, production levels, or market shares. Instead of competing with each other, they collaborate to maximize their profits by setting higher prices or restricting supply. This often leads to reduced competition, harming consumers through higher prices and fewer choices. Cartels are generally illegal in many countries because they undermine free market principles and can lead to economic inefficiencies. Antitrust laws aim to prevent such behavior and promote fair competition.