Colussion
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Title: Colussion

Essay Details:

Subject: Business
Author: Deborah W
Date: October 25, 2014
Level: University
Grade: A
Length: 1 / 273

Essay text:

In other words, collusion is a usually “secret agreement among competing firms” in an industry to dominate the market, control the market price, and otherwise act like a monopoly. II. PRICE COLLUSION IN DETAILS A. THE PRICE COLLUSION IS ILLEGAL IN SOME COUNTRIES In many social settings, cooperation is beneficial-like product standard, research and development, and limits on promotion and advertising. However, collusion between or among firms to raise prices or restrict output to raise prices, often referred to as price-fixing or price collusion, is viewed as the most serious violation of competition laws and strictly illegal in many countries, especially in the United States by antitrust laws...

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