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Collusion

Index Collusion

Collusion is an agreement between two or more parties, sometimes illegal–but always 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 market advantage. [1]

41 relations: Archer Daniels Midland, Bertrand competition, Canada, Cartel, Collusive lawsuit, Competition, Competition law, Conscious parallelism, Corporate crime, Economic efficiency, Economics, Electricity, European Union, Food, Game theory, General Electric, Industry, Japan, Jean Tirole, Kinked demand, Law, Lysine, Major League Baseball, Major League Baseball collusion, Market structure, Military, MIT Press, National Basketball Association, Neoclassical economics, Oligopoly, Poker, Price fixing, Price war, Risk-based pricing, School, South Korea, Special Counsel investigation (2017–present), Supracompetitive pricing, Tacit collusion, United States, Void (law).

Archer Daniels Midland

The Archer Daniels Midland Company (ADM) is an American global food processing and commodities trading corporation, headquartered in Chicago, Illinois.

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Bertrand competition

Bertrand competition is a model of competition used in economics, named after Joseph Louis François Bertrand (1822–1900).

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Canada

Canada is a country located in the northern part of North America.

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Cartel

A cartel is a group of apparently independent producers whose goal is to increase their collective profits by means of price fixing, limiting supply, or other restrictive practices.

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Collusive lawsuit

A collusive lawsuit (sometimes referred to as a collusive action) is a lawsuit in which the parties to the suit have no actual quarrel with one another, but one sues the other to achieve some result desired by both.

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Competition

Competition is, in general, a contest or rivalry between two or more entities, organisms, animals, individuals, economic groups or social groups, etc., for territory, a niche, for scarce resources, goods, for mates, for prestige, recognition, for awards, for group or social status, or for leadership and profit.

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Competition law

Competition law is a law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies.

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Conscious parallelism

Conscious parallelism is a term used in competition law to describe pricing strategies among competitors in an oligopoly that occurs without an actual agreement between the players.

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Corporate crime

In criminology, corporate crime refers to crimes committed either by a corporation (i.e., a business entity having a separate legal personality from the natural persons that manage its activities), or by individuals acting on behalf of a corporation or other business entity (see vicarious liability and corporate liability).

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Economic efficiency

Economic efficiency is, roughly speaking, a situation in which nothing can be improved without something else being hurt.

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Economics

Economics is the social science that studies the production, distribution, and consumption of goods and services.

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Electricity

Electricity is the set of physical phenomena associated with the presence and motion of electric charge.

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European Union

The European Union (EU) is a political and economic union of EUnum member states that are located primarily in Europe.

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Food

Food is any substance consumed to provide nutritional support for an organism.

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Game theory

Game theory is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers".

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General Electric

General Electric Company (GE) is an American multinational conglomerate incorporated in New York and headquartered in Boston, Massachusetts.

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Industry

Industry is the production of goods or related services within an economy.

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Japan

Japan (日本; Nippon or Nihon; formally 日本国 or Nihon-koku, lit. "State of Japan") is a sovereign island country in East Asia.

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Jean Tirole

Jean Tirole (born 9 August 1953) is a French professor of economics.

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Kinked demand

The Kinked-Demand curve theory is an economic theory regarding oligopoly and monopolistic competition.

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Law

Law is a system of rules that are created and enforced through social or governmental institutions to regulate behavior.

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Lysine

Lysine (symbol Lys or K) is an α-amino acid that is used in the biosynthesis of proteins.

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Major League Baseball

Major League Baseball (MLB) is a professional baseball organization, the oldest of the four major professional sports leagues in the United States and Canada.

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Major League Baseball collusion

Baseball collusion refers to owners working together to avoid competitive bidding for player services or players jointly negotiating with team owners.

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Market structure

Market structure has historically emerged in two separate types of discussions in economics, that of Adam Smith on the one hand, and that of Karl Marx on the other hand.

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Military

A military or armed force is a professional organization formally authorized by a sovereign state to use lethal or deadly force and weapons to support the interests of the state.

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MIT Press

The MIT Press is a university press affiliated with the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts (United States).

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National Basketball Association

The National Basketball Association (NBA) is a men's professional basketball league in North America; composed of 30 teams (29 in the United States and 1 in Canada).

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Neoclassical economics

Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.

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Oligopoly

An oligopoly (from Ancient Greek ὀλίγος (olígos) "few" + πωλεῖν (polein) "to sell") is a market form wherein a market or industry is dominated by a small number of large sellers (oligopolists).

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Poker

Poker is a family of card games that combines gambling, strategy, and skill.

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Price fixing

Price fixing is an agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.

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Price war

Price war is "commercial competition characterized by the repeated cutting of prices below those of competitors".

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Risk-based pricing

Risk-based pricing is a methodology adopted by many lenders in the mortgage and financial services industries.

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School

A school is an institution designed to provide learning spaces and learning environments for the teaching of students (or "pupils") under the direction of teachers.

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South Korea

South Korea, officially the Republic of Korea (대한민국; Hanja: 大韓民國; Daehan Minguk,; lit. "The Great Country of the Han People"), is a country in East Asia, constituting the southern part of the Korean Peninsula and lying east to the Asian mainland.

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Special Counsel investigation (2017–present)

The 2017–present Special Counsel investigation is an ongoing United States law enforcement investigation of Donald Trump's 2016 presidential campaign and any Russian (or other foreign) interference in the election, including exploring any possible links or coordination between Trump’s campaign and the Russian government, "and any matters that arose or may arise directly from the investigation." The scope of the investigation reportedly also includes potential obstruction of justice by President Trump and others.

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Supracompetitive pricing

Supracompetitive pricing is pricing above what can be sustained in a competitive market.

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Tacit collusion

Tacit collusion occurs where firms undergo actions that are likely to minimize a response from another firm, e.g. avoiding the opportunity to price cut an opposition.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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Void (law)

In law, void means of no legal effect.

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Collude, Colluded, Colludes, Colluding, Collusions, Collusive, Collusive agreement, Collusive pricing.

References

[1] https://en.wikipedia.org/wiki/Collusion

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