Oil Cartel
English 101
Research paper on Oil Cartel minimum 2,000 word count. MLA format with outline and work sited.
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The term cartel refers to when a group of people, companies or countries come together to form a group of which makes the decision regarding some business that they are all involved in. In this group, the players come up with the guiding principles and policies with regard to production and distribution of the product that they deal with. The main aim of forming cartels is in order to come up with a monopoly in the business that they deal with as this will not only help the group to fight competition as a bloc but will also ensure that they structure the market the way want it to look like…
(2230 Words)