Collusion: Difference between revisions
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1. An agreement between firms to restrict competition to the advantage of the firms and to the disadvantage of consumers. May result in a cartel being formed. | 1. | ||
An agreement between firms to restrict competition to the advantage of the firms and to the disadvantage of consumers. | |||
May result in a cartel being formed. | |||
2. | |||
More generally, secret agreement for the purpose of improper acts or omissions. | |||
== See also == | == See also == | ||
* [[Cartel]] | * [[Cartel]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 19:17, 27 June 2022
1.
An agreement between firms to restrict competition to the advantage of the firms and to the disadvantage of consumers.
May result in a cartel being formed.
2.
More generally, secret agreement for the purpose of improper acts or omissions.
