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Collusion is a deceitful agreement or secret cooperation between two or more parties to limit open competition by deceiving, misleading or defrauding others of their legal right. Collusion is not always considered illegal. It can be used to attain objectives forbidden by law; for example, by defrauding or gaining an unfair market advantage. It is an…
Art & Companies
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| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Collusion | is a | deceitful agreement or secret cooperation between two or more parties to limit open competition by deceiving | 0.90 | text |
| Bertrand competition.Collusion may also occur in auction markets | instance of | as opposed to the benefits accruing under neoclassical theory and certain game-theoretic models | 0.80 | text |
| in procurement when independent bidders coordinate their bids | instance of | as opposed to the benefits accruing under neoclassical theory and certain game-theoretic models | 0.80 | text |
| Collusion | related to Barriers | There | 0.60 | section |
| Collusion | related to Barriers | In | 0.60 | section |
| Collusion | related to Barriers | The | 0.60 | section |
| Collusion | related to Barriers | As | 0.60 | section |
| Collusion | related to Barriers | Cost | 0.60 | section |
| Collusion | related to Barriers | If | 0.60 | section |
| Collusion | related to Barriers | Firms | 0.60 | section |
| Collusion | related to Barriers | Asymmetry | 0.60 | section |
| Collusion | related to Barriers | Colluding | 0.60 | section |
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