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Definitions from the Web

Cartelization

Description:

Cartelization refers to the act or process of forming or operating as a cartel, which is a group of independent businesses or organizations that come together to control and manipulate the market in a particular industry.

Examples:

Noun:

1. The cartelization of the oil industry led to an increase in fuel prices.
2. Government regulations aim to prevent cartelization in order to promote fair competition.
3. The automotive industry witnessed cartelization as several companies collaborated to fix the prices of certain car parts.

Verb:

1. Small businesses complained about the larger companies cartelizing the market and driving them out of business.
2. The agricultural sector suffered due to the practice of cartelizing the supply chain by a few dominant players.
3. Regulators have been working tirelessly to investigate and dismantle any attempts at cartelizing the telecommunications industry.

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