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 §§ 54–55, 73–74, 77, 80–82, 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. — Also spelled chartel. — cartelize (kahr-t[ schwa]-lIz or kahr-tel-Iz), vb.
