Answer to Question #242848 in Microeconomics for Noise

Question

Cartel involves certain agreements between two or more competitors. What are these agreements according to the cartel division

Answer 1

 b)Market sharing

Cartels arrange with their competitors to divide the market between you. For example:

not supplying each other’s customers,

not supplying in each other’s area or

they sell product A and your competitor sells product B

arrange for different periods for discounts