cartelization
/kɑrˌtɛləˈzeɪʃən/
noun
- The process of forming or organizing into a cartel; the state of being controlled by a cartel.
- The government passed laws to prevent cartelization in the telecommunications sector.
- Cartelization of the steel industry led to uniform pricing across the country.
- Historians note that cartelization was common in the early 20th century.
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