COLLUSION

Collusion

Collusion is an agreement between two or more parties, sometimes illegal and therefore secretive, to limit open competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law typically by defrauding or gaining an unfair advantage. It is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities.

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collusion

Noun

  1. A secret agreement for an illegal purpose; conspiracy.


The above text is a snippet from Wiktionary: collusion
and as such is available under the Creative Commons Attribution/Share-Alike License.

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