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The meaning of COLLUSION is secret agreement or cooperation especially for an illegal or deceitful purpose. How to use collusion in a sentence.
COLLUSION definition: 1. agreement between people to act together secretly or illegally in order to deceive or cheat…. Learn more.
- What Is Collusion?
- Types of Collusion
- Factors That Deter Collusion
- Real-World Example
- The Bottom Line
Collusion is a non-competitive, secret, and sometimes illegal agreement between rivals that attempts to disrupt the market's equilibrium. The act of collusion involves people or companies that would typically compete against each other but who conspire to work together to gain an unfair market advantage. The colluding parties may collectively choos...
Collusion can take many forms across market types. Groups collectively obtain an unfair advantage in each scenario. One of the most common ways of colluding is price fixing. This occurs when there are a small number of companies in a particular supply marketplace, commonly referred to as an oligopoly. These businesses offer the same product and for...
Collusion is an illegal practice in the United States and this significantly deters its use. Antitrustlaws aim to prevent collusion between companies. They make it complicated to coordinate and execute an agreement to collude. It's also difficult for companies to partake in collusion in industries that have strict supervision. Defection is another ...
A New York appeals court upheld a 2013 ruling against tech behemoth Apple in 2015. The multinational technology giant appealed the lower court's finding that the company had illegally conspired with five of the biggest book publishers on the pricing of ebooks. The New York appeals court found in favor of the plaintiffs. The company’s goals were to ...
Collusion refers to actions taken by individuals, business firms, or other entities to influence or control pricing or a market in general. These moves are typically arranged in secret and all entities involved can profit. Collusion is illegal in the United States and laws exist to protect against it at both state and federal levels. Whistleblower ...
v. t. e. Look up collude or collusion in Wiktionary, the free dictionary. Collusion is a deceitful agreement or secret cooperation between two or more parties to limit open competition by deceiving, misleading or defrauding others of their legal right. Collusion is not always considered illegal. It can be used to attain objectives forbidden by ...
COLLUSION meaning: 1. agreement between people to act together secretly or illegally in order to deceive or cheat…. Learn more.
Collusion definition: a secret agreement, especially for fraudulent or treacherous purposes; conspiracy. See examples of COLLUSION used in a sentence.
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collusion (between A and B) There was collusion between the two witnesses (= they gave the same false evidence). Topics Discussion and agreement c2 , Crime and punishment c2 Word Origin late Middle English: from Latin collusio(n-) , from colludere ‘have a secret agreement’, from col- ‘together’ + ludere ‘to play’.
