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Concepts: Cartel, oligopolies, regional monopoly

Background: Pablo Escobar calls a meeting with all local kingpins to urge them to form a coalition. Escobar offers to retain control of day-to-day activities. The other kingpins provide funding while receiving profits and security.

Question: How do you call such formal collusive behavior? Explain the reasons why Escobar and other kingpins agreed to market sharing.