Oligopoly vs. Cartel

Oligopoly vs. Cartel — Is There a Difference?
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Difference Between Oligopoly and Cartel

Oligopolynoun

A market condition in which sellers are so few that the actions of any one of them will materially affect price and have a measurable impact on competitors.

Cartelnoun

A combination of independent business organizations formed to regulate production, pricing, and marketing of goods by the members.

Oligopolynoun

An economic condition in which a small number of sellers exert control over the market of a commodity.

Cartelnoun

An official agreement between governments at war, especially one concerning the exchange of prisoners.

Oligopolynoun

(economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors

Cartelnoun

A group of parties, factions, or nations united in a common cause; a bloc.

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Cartelnoun

(economics) A group of businesses or nations that collude to limit competition within an industry or market.

drug cartelcar cartel

Cartelnoun

A combination of political groups (notably parties) for common action.

Cartelnoun

(historical) A written letter of defiance or challenge.

Cartelnoun

An official agreement concerning the exchange of prisoners.

Cartelnoun

A ship used to negotiate with an enemy in time of war, and to exchange prisoners.

Cartelnoun

a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service;

they set up the trust in the hope of gaining a monopoly
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