5 lines
500 B
Markdown
5 lines
500 B
Markdown
# Cartel
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An economic cartel use a non-public agreement to restrict the supply or fix the price of an asset. A cartel is a formal type of [market-manipulation](market-manipulation.md). Cartels are considered to be against the public interest because of the potential [asymmetric-information](asymmetric-information.md) to reduce trust in [markets](market.md).
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Crypto exchanges operators act as economic cartel which can distort [price-formation](price-formation.md). See [stablecoin](stablecoin.md). |