collusion refers to a situation where rival firms decide to,

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Collusion is a word that has been thrown around quite a lot lately. It’s important to understand what it means and how it can affect your company, especially if you are in the business world of today. In this blog post, we will go over what collusion is and why it’s become such an important problem in the 21st century.

What does Collusion Mean?

Collusion refers to a situation where rival firms decide to cooperate because they have common economic interests or goals against other companies with which they compete on the same markets but not each others’ markets . As mentioned before, colluding firms typically don’t wage price wars on one anothers’ businesses; instead they may agree on fixed prices as well as quotas, and sharing markets, customers and profits. Colluding companies get into trouble when they engage in price fixing because it is illegal under the Sherman Act . Collusion refers to a situation where rival firms decide to cooperate because they have common economic interests or goals against other companies with which they compete on the same markets but not each others’ markets . As mentioned before, colluding firms typically don’t wage price wars on one anothers’ businesses; instead they may agree on fixed prices as well as quotas, and sharing markets, customers and profits. Colluding companies get into trouble when they engage in price fixing because it’s illegal under the Sherman Act. Is There Any Reason Why It’s Such an Issue Now? Yes! Many experts

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