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Fines and imprisonment to companies that collude and their executives who are personally liable. Detect collusion by screening markets for suspicious pricing activity and high profitability. Provide immunity (leniency) to the first company to confess and provide the government with information about the collusion. [34]
Corpus linguists specify a key word in context and identify the words immediately surrounding them, to illustrate the way words are used in practice. The processing of collocations involves a number of parameters, the most important of which is the measure of association , which evaluates whether the co-occurrence is purely by chance or ...
Headquarters of the Rhenish-Westphalian Coal Syndicate, Germany (at times the best known cartel in the world), around 1910. A cartel is a group of independent market participants who collude with each other as well as agreeing not to compete with each other [1] in order to improve their profits and dominate the market.
Interdependence in oligopolies is reduced when firms collude, because there is a lessened need for firms to anticipate the actions of other firms in relation to prices. Collusion closes the gap in the asymmetry of information typically present in a market of competing firms.
Bid rigging is a fraudulent scheme in a procurement action which enables companies to submit non-competitive bids. It can be performed by corrupt officials, by firms in an orchestrated act of collusion, or by officials and firms acting together.
Tacit collusion is a collusion between competitors who do not explicitly exchange information but achieve an agreement about coordination of conduct. [1] There are two types of tacit collusion: concerted action and conscious parallelism.
A malapropism (/ ˈ m æ l ə p r ɒ p ɪ z əm /; also called a malaprop, acyrologia or Dogberryism) is the incorrect use of a word in place of a word with a similar sound, either unintentionally or for comedic effect, resulting in a nonsensical, often humorous utterance.
A word is a basic element of language that carries meaning, can be used on its own, and is uninterruptible. [1] Despite the fact that language speakers often have an intuitive grasp of what a word is, there is no consensus among linguists on its definition and numerous attempts to find specific criteria of the concept remain controversial. [2]