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Collusion Definition

Collusion
DEFINITION
Collusion is a secret arrangement between two or more parties to limit open competition by deceiving and misleading consumers.  To obtain an outcome by gaining an unfair advantage.  This arrangement among business or individuals is to divide a market, set prices, limit production and opportunities. In the past It has involved unions, politicians with kickbacks.  In legal terms, all acts effected by collusion are considered void.

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