verb
- forming or organizing into a cartel; creating an agreement between companies to control prices or limit competition
Usage: business; economics
Examples
- The government accused the oil companies of cartelizing the market.
- Several airlines were found guilty of cartelizing international routes.
- The antitrust laws prevent companies from cartelizing their industry.
- Cartelizing behavior often leads to higher prices for consumers.
- The investigation revealed that the firms had been cartelizing for years.
- Regulators work to prevent businesses from cartelizing essential services.