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What is collusion?
Collusion is a non-competitive arrangement or agreement between rival firms intended to exploit profit and disrupt the market. Sharing private information between different people or groups is also a for of collusion.
Collusion by definition is a secret or illegal cooperation or conspiracy, especially in order to cheat or deceive others. Since companies subject to the competition law to avoid monopolisation, some companies resort to doing a secretive agreement that maximises their profit by price fixing, supply restriction, and insider information trade.