cartels

3 definitions • 4 examples

a group of similar independent companies who join together to control prices and limit competition:

an oil cartel

a group of similar independent companies or countries who join together to control prices and limit competition

a group of similar companies who agree prices between them in order to increase profits and limit competition:

operate/form a cartel Supermarkets were accused of operating a cartel on the price of many staple foods.

a banking/oil cartel

a price-fixing/illegal/drugs cartel