Meaning overt collusion
What does overt collusion mean? Below you find one meaning for the word overt collusion You can also add a definition of overt collusion yourself

1

0 Thumbs up   0 Thumbs down

overt collusion


A formal, usually secret, collusion agreement among competing firms (mostly oligopolistic firms) in an industry designed to control the market, raise the market price, and otherwise act like a monopol [..]
Source: glossary.econguru.com




<< perfect competition characteristics oikonomos >>