A cartel is a group of organization or people making the
same product and fixing the price and the quantity of the production. They
split the profit among themselves. This is also a kind of monopoly. It differs
from monopoly in one sense and that is a monopoly business is run by a single
individual. The profit is taken by him alone. The amount of profit in a cartel
is less than that in a monopoly. Different people believe in different concept
of business.
