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Sentence for the word collude?
They were arrested because they colluded with the Mafia.
When firms collude on price they also often have to agree on?
quota
What is a seven letter word for plot?
acreage, arrange, collude, connive
What is unwritten or unspoken understandings through which firms collude to restrict competition called?
Tacit collusion
What is the word similer in meaning to conspire?
1) cooperate, combine, contribute 2)cabal, plot, scheme, contrive
What is the definition of a cahoot?
To be in cahoots with someone is to collude with someone; in other words, to be in partnership or in league with someone. Usually a questionable collaboration or secret partnership.
What is a synonym for collaboration?
teamwork, partnership, cooperation, association, alliance
In La Paz Kino finds that the pearl buyers are?
unwilling to offer him fair value for his valuable pearl. They collude to try to deceive Kino into selling low.
For what purpose was OPEC created?
OPEC is an alliance formed by the oil producing countries of the world who collude and decide on how much oil to produce, keeping the cost higher than it should be.
Is it legal for south African firms to collude with another in choosing prices?
No, it is illegal for South African firms to collude on pricing. Such practices are considered anti-competitive and violate the Competition Act of 1998, which prohibits agreements between firms that restrict competition. Engaging in price collusion can lead to significant penalties, including fines and legal action from the Competition Commission of South Africa. Firms are encouraged to compete fairly to promote a healthy market environment.
What are synonyms for collaborator?
work together, team up, join forces, cooperate, conspire, collude, fraternize
What type of competition would most likely exist with a four-firm concentration ratio of 94?
Either an oligopoly (dominated by a few firms) or monopoly (if these 4 firms collude - control price and supply)
