Definition of Cartel

group of businesses or nations that collude to fix prices

Examples of Cartel in a sentence

Oil conglomerates run a cartel to keep prices high.  🔊

Prices go up when a cartel controls the supply of products.  🔊

We joined a cartel, restricting the import of diamonds.  🔊

The cartel abused its power by overregulating price.  🔊

The price of corn is high due to the newly created cartel.  🔊

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