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What is the difference between monopolies and cartels?

Updated: 8/17/2019
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11y ago

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A cartel is an international syndicate or grouping of different organizations formed especially to regulate prices and output in some area, while a monopoly is usually one organization with exclusive control of a commodity or service in a particular market, or a type of control which makes possible the manipulation of prices.

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Q: What is the difference between monopolies and cartels?
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