A cartel is a group of firms that act in unison.

Name: A cartel is a group of firms that act in unison.
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A cartel is a group of firms that coordinate their behavior and decisions in order to limit competition and increase their collective profits. They may agree to fix prices, limit output, or allocate market shares among themselves. This behavior is considered illegal in many countries, including the United States.

A Cartel Is a Group of Firms That Act in Unison