Cartel (noun)

1. An organization of businesses, countries, or other groups, formed to regulate prices or production.
2. A group of companies or countries that have agreed to fix prices, limit production, or divide markets among themselves in order to reduce competition and increase their power and profits.

Origin:

Derived from the spanish word "cartel" which means "a written agreement or challenge".

Examples:

1. The oil cartel was able to control the prices of oil.
2. The cartel was accused of fixing prices and limiting competition.
3. The drug cartel controlled the distribution of illegal drugs in the country.
4. The cartel was able to exert a great deal of influence on the market.
5. The cartel was found guilty of illegal price fixing and was heavily fined.