price collusion

  

Definition

Criminal offense where numerous companies work together to keep the price of a product or service at an elevated level with the goal of receiving large profits or cornering the market. The companies involved essentially try to chase out competitors.

Related Videos




http://www.businessdictionary.com/definition/price-collusion.html

Today's Top Bulls

73% Bullish
(37 Votes)
70% Bullish
(104 Votes)
68% Bullish
(76 Votes)
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z