A group of traders or companies acting illegally to fix a minimum retail price for their competing products, thus forming a cartel.
（数家经营者或公司为其竞争性产品非法制定最低零售价而形成的）价格垄断集团，价格操纵集团
Example sentencesExamples
In addition, when several business giants reached a stalemate in the struggle for domination of a market they would create a 'cartel' or price-ring which administered agreed, stable prices throughout that industry.
Private enterprise must not shelter behind price rings and rigged markets.