1. to form or organize into a cartel; to combine businesses or organizations to control prices or limit competition
Usage: business; economics

Examples

• The oil companies attempted to cartelize the market to maintain high prices.
• Government regulations prevent businesses from cartelizing certain industries.
• The investigation revealed efforts to cartelize the steel production sector.
• International law prohibits companies from cartelizing global trade.
• Several pharmaceutical firms were accused of trying to cartelize drug pricing.
• The antitrust agency worked to prevent the cartelization of the telecommunications industry.