ELI5: Explain Like I'm 5

Cartel seat (monument)

Imagine you and your friends have all the toys in the world, but you don't want to share them with anyone else. So, you all agree to keep all the toys for yourselves and make a rule that nobody else is allowed to play with your toys. This group of friends has just formed a cartel, which is a group of businesses or people who work together to control something like prices or products.

Now, let's say this group of friends decides to build a special place to remember the time they formed the cartel. They build a big chair or "seat" to represent the power they have over the toys. This seat is called a "cartel seat."

A cartel seat is like a monument that represents the power and control of a group of people who have formed a cartel. It's usually built in a special place or location to remind people of the power that the cartel has over a particular thing. However, it's important to remember that cartels are not allowed, as they can be harmful to fair competition and people's rights.