the.com/cartels
Rivals who'd rather conspire than compete, because price wars are bad for everyone but customers.
means A group of independent businesses or states that secretly agree to fix prices, limit supply, or carve up territory instead of competing.
from From German Kartell, via French cartel, from Latin charta (paper) — originally a written agreement, often a truce between enemies.
Word twistLatin root means paper, not crime.
OPECWorld's most famous legal oil cartel.
Usually illegalMost countries ban price-fixing as antitrust violations.
Inherent flawMembers constantly cheat each other for bigger profits.