The name for a formal organization of producers that agree to coordinate prices and production is called a cartel.
If, by cartel, you mean in a business sense- such as the airline industry- you might think of a cartel being a 'closed shop' to others within that industry, in that the members within the cartel have that business 'sewn up'. Another term sometimes used is a 'monopoly' and in the UK, as well as elsewhere, there are anti-monopoly laws which seek to minimise 'monopolisation' by a 'cartel' within any given industry. My dictionary definition reads "an agreement among apparently competing firms to fix prices etc". Hence, I mentioned airline companies who have a history of behaving in this way.
cartel is formed by few sellers when they want to maximise profit ,what is the advantage of forming a cartel?
A centralised cartel is an arrangement by all the members, where a centralised body decides on the pricing.
Opec
Hossein Khosrow Ali Vaziri
Heroine Sheiks was created in 1999.
Saskatoon Sheiks was created in 1922.
Saskatoon Sheiks ended in 1928.
A cartel.
The name for a formal organization of producers that agree to coordinate prices and production is called a cartel.
If, by cartel, you mean in a business sense- such as the airline industry- you might think of a cartel being a 'closed shop' to others within that industry, in that the members within the cartel have that business 'sewn up'. Another term sometimes used is a 'monopoly' and in the UK, as well as elsewhere, there are anti-monopoly laws which seek to minimise 'monopolisation' by a 'cartel' within any given industry. My dictionary definition reads "an agreement among apparently competing firms to fix prices etc". Hence, I mentioned airline companies who have a history of behaving in this way.
Sheiks in Bagdad - 1925 was released on: USA: 10 May 1925
Desert Sheiks - 1924 was released on: USA: 13 July 1924
Sea Goin' Sheiks - 1931 was released on: USA: 4 January 1931
Sheiks Com Cobertura - 1980 is rated/received certificates of: Portugal:M/6
Is cartel masculine or feminine