What is a Cartel?
A cartel is a syndicate, combine, or trust formed to regulate prices and output in some field of business. Cartel members may agree on such matters as price fixing, total industry output, market shares, allocation of customers, allocation of territories, bid rigging, establishment of common sales agencies, and the division of profits or combination of these. The aim of such collusion (also called the cartel agreement) is to increase individual members’ profits by reducing competition.
How can the Commission be involved ?
Private cartels are subject to legal liability under the antitrust laws now found in nearly every nation of the world. The Gambia Competition and Consumer Protection Commission has strong powers to restrict these harmful cartels as they can restrict consumer choice and raise prices
Identifying and breaking up cartels is an important part of the competition policy of the GCCPC.