Changes

==Business collusion==

==Business collusion==

Collusion in business is usually an agreement among members of a [[cartel]] in a particular industry not to compete in order to create artificial disincentives for new competitors.<ref>Or [[Barriers to entry]] into a market or industry.</ref>  

Collusion in business is usually an agreement among members of a [[cartel]] in a particular industry not to compete in order to create artificial disincentives for new competitors,<ref>Or [[Barriers to entry]] into a market or industry.</ref> although it could be collusion between industries, such as manufactures and railroads in the case of Standard Oil to limit competition, or between internet service platforms and news organizations

Typically, business collusion occurs when a group of large competitors, a cartel, divvy up [[market]] share among themselves to gain [[monopoly]] control,<ref>A cartel with monopoly control is sometimes referred to as an [[oligopoly]].</ref> and manipulate prices and profitability to make it impossible for a start-up competitor to gain market access. Thus, the public is denied the benefits of lower prices and improvements that come with time. It's also called "price rigging" or "unfair competition."<ref>Government sometimes has an incentive to favor Big Business and monopolistic trade practices because of the larger taxes revenues they create, and their ability to produce larger tax revenues faster in a new, unregulated industry. This tendency by the government to encourage unfair trade practices historically has been countered by populist movements.<br>This incentive only became bigger with passage of the Corporate Income Tax, a so-called "Progressive reform," that came after passage of the Sherman Anti-Trust Act.</ref>

Typically, business collusion occurs when a group of large competitors, a cartel, divvy up [[market]] share among themselves to gain [[monopoly]] control,<ref>A cartel with monopoly control is sometimes referred to as an [[oligopoly]].</ref> and manipulate prices and profitability to make it impossible for a start-up competitor to gain market access. Thus, the public is denied the benefits of lower prices and improvements that come with time. It's also called "price rigging" or "unfair competition."<ref>Government sometimes has an incentive to favor Big Business and monopolistic trade practices because of the larger taxes revenues they create, and their ability to produce larger tax revenues faster in a new, unregulated industry. This tendency by the government to encourage unfair trade practices historically has been countered by populist movements.<br>This incentive only became bigger with passage of the Corporate Income Tax, a so-called "Progressive reform," that came after passage of the Sherman Anti-Trust Act.</ref>