verb
- to form or organize into a cartel; to establish a monopolistic alliance among producers or suppliers
Usage: business; economics
Examples
- The oil companies cartelizes the market to control prices.
- Government regulations prevent industries from cartelizing.
- When businesses cartelize, consumers often pay higher prices.
- The antitrust law aims to stop companies that cartelize their sector.
- Several pharmaceutical companies were accused of attempting to cartelize drug distribution.
- International trade agreements sometimes help prevent nations from cartelizing certain exports.