CARTEL

CARTEL

cartel (kahr-tel), n.

1. A combination of producers or sellers that join together to control a product’s production or price.

2. An association of firms with common interests, seeking to prevent extreme or unfair competition, allocate markets, or share knowledge. [Cases: Monopolies 12(1.14, 1.16).C.J.S. Monopolies ¡ì¡ì 54¨C55, 73¨C74, 77, 80¨C82, 85, 87, 93, 105, 143, 153.]

3. Int’l law. An agreement between belligerents about the means of conducting whatever relations they allow during wartime; esp., such an agreement regarding the exchange of prisoners. ¡ª Also spelled chartel. ¡ª cartelize (kahr-t[ schwa]-lIz or kahr-tel-Iz), vb.


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