The word “cartel” often conjures images of illegal drug rings or monopolistic corporate empires, but the truth is much more complex. At its core, a cartel is simply a group of businesses or individuals who band together to coordinate their actions and achieve mutual goals. While some cartels do engage in illegal activities, many operate within the bounds of the law and seek to improve their industries through collaboration. Understanding the nuances of cartels is essential for anyone interested in economics, business, or public policy.

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