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Official definition required


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Hmmm I wonder Wikipedia says

"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 market advantage. It is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities."

Edited by BobertZ
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"Collusion is an agreement between two or more parties, sometimes illegal and therefore secretive, to limit open competition"

 

Pretty much that is the relevant part of Robbie's definition. The main would thing would be if it either circumvents or harms competition. Penalty would depend on specific scenarios

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