Difference between revisions of "Collusion"
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| − | '''Collusion''', in [[economics]], is an attempt to not compete | + | '''Collusion''', in [[economics]], is an attempt to not compete in order to fix prices. It is an agreement among members of a [[cartel]] in a particular industry to keep out competitors by manipulating prices and creating disincentives among start-ups to compete. It is [[illegal]] under the [[Sherman Act]]. |
== See also == | == See also == | ||
Revision as of 02:28, August 8, 2018
Collusion, in economics, is an attempt to not compete in order to fix prices. It is an agreement among members of a cartel in a particular industry to keep out competitors by manipulating prices and creating disincentives among start-ups to compete. It is illegal under the Sherman Act.
