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Learn the meaning of collusion, a noun that refers to secret agreement or cooperation for an illegal or deceitful purpose. See synonyms, examples, word history, and related articles from Merriam-Webster.
It is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities. [1] It can involve "unions, wage fixing, kickbacks, or misrepresenting the independence of the relationship between the colluding parties". [2] In legal terms, all acts effected by collusion are considered void.
Collusion definition: a secret agreement, especially for fraudulent or treacherous purposes; conspiracy. See examples of COLLUSION used in a sentence.
Dec 28, 2020 · Collusion is a non-competitive, secret, and sometimes illegal agreement between rivals which attempts to disrupt the market's equilibrium. Learn about the different types of collusion, such as price fixing, synchronized advertising, and insider trading, and how they are deterred by antitrust and whistleblower laws.
Learn the meaning of collusion, a formal word for agreement between people to act secretly or illegally. See how to use it in sentences and find synonyms, antonyms and related words.
Learn the meaning of collusion, a formal word for agreement between people to act secretly or illegally. See how to use it in sentences and find synonyms, antonyms and related words.
collusion /kə ˈ luːʒən/ noun. Britannica Dictionary definition of COLLUSION. [noncount] : secret cooperation for an illegal or dishonest purpose. The company was acting in collusion with manufacturers to inflate prices. — often + between. She uncovered collusion between city officials and certain local businesses.
