kartel

Example:The investigation revealed a price-fixing cartel involving several pharmaceutical companies.

Definition:A cartel that agrees to fix the prices at which goods or services are sold, restricting competition to increase profits.

Example:The oil-producing countries agreed to join a production-limiting cartel to stabilize the global oil prices.

Definition:A cartel that consciously limits production to control supply, thereby increasing prices and profits.

Example:The telecommunications companies were accused of forming a market-share cartel to maintain their monopolistic position.

Definition:A cartel that agrees to divide the market share of goods or services between the participating companies to maintain market dominance.

Example:The construction firms were found guilty of participating in a bidding cartel that was inflating the prices of high-end apartments.

Definition:A cartel that colludes to control the bidding process in auctions, ensuring that the winning bid is higher than the true value.

Example:The firms signed an agreement cartel to collaborate on production strategy and avoid damaging competition.

Definition:A cartel that is formed through specific agreements or contracts among competitors to control market dynamics and benefit from anti-competitive activities.