cartel(association of independent firms or individuals for the purpose of exerting some form of restrictive or monopolistic (monopoly and competition) influence on the production or sale of a commodity. The most common arrangements are aimed at regulating prices or output or dividing up markets. Members of a cartel maintain their separate identities and financial independence while engaging in common policies. They have a common interest in exploiting the monopoly position that the combination helps to maintain. Britannica Alexander Demidov)
involvement in a cartel(Companies may bring an appeal against the Commission decision finding them guilty of involvement in a cartel before the General Court of the European Union, ... | Under UK competition law, involvement in a cartel can lead to a fine of up to 10% of a company's worldwide turnover and individuals can .. Alexander Demidov)
