When major suppliers independently (or otherwise) perceive that they can collectively control the market price of a product, is it collusion? Not necessarily. Yet for consumers this interdependent pricingvariously called tacit collusion, or conscious parallellismis experienced precisely as collusion would be experienced. This kind of oligopolistic market distortion, though clearly illegal in the intent of all antitrust and competition lawand just as clearly rampant in todays globalised trading systemusually succeeds in evading existing legislation. Antitrust authorities encounter great...
When major suppliers independently (or otherwise) perceive that they can collectively control the market price of a product, is it collusion? Not nece...