Psychology Dictionary of ArgumentsHome | |||
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Cartels - Psychology Dictionary of Arguments | |||
Cartels: In economics, a cartel is an association of independent businesses or organizations that collude to manipulate the price of a product or service. By controlling supply or setting prices, cartels can artificially inflate prices and reduce consumer surplus. See also Markets, Price._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Item | More concepts for author | |
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Economic Theories | Cartels | Economic Theories | |
Ed. Martin Schulz, access date 2024-03-28 |