What is cartel? What are conditions conducive to cartel ?

According to Section 2(c) of the Competition Act, 2002 "Cartel" includes an association of producers, sellers or distributors, traders or service providers who, by agreement amongst themselves, limit control or attempt to control the production, distribution, sale or price of or, trade in goods or provision of services. Conditions Conducive to Cartelization high concentration - few competitors high entry and exit barriers homogeneity of the products (similar products) similar production costs excess capacity high dependence of the consumers on the product history of collusion