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Finance Dictionary and Glossary of Investment Terms
Cartel
Definition 1.
A 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.
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Definition 2.
A small group of producers of a good or service who agree to regulate supply in an effort to control or manipulate prices.
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Definition 3.
A group of companies or countries which collectively attempt to affect market prices by controlling production and marketing. Illegal in the U.S. also called trust.
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