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Cartel |
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CartelA group of firms that seeks to raise the price of a good by restricting its supply. The term is usually used for international groups, especially involving state-owned firms and/or governments.CartelA group of businesses or nations that act together as a single producer to obtain market control and to influence prices in their favor by limiting production of a product. The United States has laws prohibiting cartels.Cartel Similar MatchesExport cartelExport cartelA cartel of exporting countries or firms. |
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