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No... they are in some way kind of opposites...

Extortion is that a threat of some kinda has been made, and unless some sort of payment is made. The threat will be carried out.

Bribery is a payment of some kind is offered to persuade someone to do something you want them to do.

An example,

"If you don't give me $100, I will tell the teacher you cheated"... this is extortion...

"I will give you $100 if you don't tell the teacher I cheated"... this is bribery...

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