Question

what is cartel explains​

Answer 1

A cartel is defined as a group of firms that gets together to make output and price decisions. Oligopolistic firms join a cartel to increase their market power, and members work together to determine jointly the level of output that each member will produce and/or the price that each member will charge.

_____________________________

Answer 2

Answer:

that's is your answer

Explanation:

A cartel is a grouping of producers that work together to protect their interests. Cartels are created when a few large producers decide to co-operate with respect to aspects of their market. Once formed, cartels can fix prices for members, so that competition on price is avoided.