Statements (60)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:organization
|
| gptkbp:activity |
Collusion
Bid rigging Price fixing Customer allocation Market sharing Production quotas Restricting output Territorial allocation |
| gptkbp:defines |
An association of manufacturers or suppliers that maintain prices at a high level and restrict competition.
|
| gptkbp:economy |
Allocates markets
Can lead to market inefficiency Increases prices Reduces competition Reduces consumer welfare Reduces innovation |
| gptkbp:enforcedBy |
gptkb:European_Parliament
gptkb:Competition_Bureau_(Canada) gptkb:Competition_and_Markets_Authority_(UK) gptkb:Japan_Fair_Trade_Commission gptkb:Australian_Competition_and_Consumer_Commission gptkb:U.S._Department_of_Justice gptkb:Bundeskartellamt_(Germany) |
| gptkbp:etymology |
From the Italian 'cartello', meaning a placard or a challenge.
|
| gptkbp:historicalName |
gptkb:De_Beers_diamond_cartel
gptkb:International_Electrical_Cartel |
| https://www.w3.org/2000/01/rdf-schema#label |
Cartel
|
| gptkbp:industry |
gptkb:sugar
gptkb:cement Telecommunications Agriculture Banking Oil Automobiles Pharmaceuticals Airlines Illegal drugs |
| gptkbp:legalIn |
Illegal in many countries due to antitrust laws.
|
| gptkbp:notableExample |
gptkb:OPEC
gptkb:Sinaloa_Cartel gptkb:Medellín_Cartel |
| gptkbp:penalty |
Imprisonment
Fines Damages claims Disqualification of directors |
| gptkbp:purpose |
To control production, pricing, and marketing of goods or services.
|
| gptkbp:regulates |
Subject to antitrust laws in the United States and European Union.
|
| gptkbp:relatedConcept |
gptkb:train
gptkb:Monopoly Oligopoly Bid rigging Market allocation Price fixing |
| gptkbp:type |
Business cartel
Drug cartel Oil cartel |
| gptkbp:bfsParent |
gptkb:Call_of_Duty:_Black_Ops_Cold_War
gptkb:Chad_Gilbert gptkb:Wind-up_Records |
| gptkbp:bfsLayer |
6
|