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Vocabulary Entry
cartel
|noun • verb
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N
noun
A formal agreement among competing firms to control prices or limit production.
Example Sentences
"The drug cartel was known for its ruthless tactics."
"Several countries are taking action against international cartels."
"The business cartel manipulated the market for their benefit."
V
verb
To form or enter into a formal agreement among competitors.
Example Sentences
"The companies decided to cartel to maximize their profits."
"They were accused of trying to cartel their pricing strategies."
"Carteling may lead to legal consequences if discovered."