Answer :
Yes, companies often form collaborations through means of collusion to enjoy high prices and profits, thus defying the definition of competition.
A secret agreement or collaboration between two or more parties to limit open competition by deceiving, misleading, or defrauding others of their legal rights is known as collusion. Not all instances of collusion are deemed unlawful.
Instances of collusion include: In order to keep labour costs low, several high tech companies reach an agreement not to hire one other's workers. In order to maintain high prices, a number of upscale watch companies concur to limit their market output.
For more questions on collusion, refer to:
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