Meanings
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1
noun
A private, cooperative agreement or arrangement between groups that otherwise maintain the pretense of competition, contention or non-cooperation.
Furthermore, there is good reason for firms to try to collude without express communication, and thus find themselves dealing with less than full mutual understanding.
Thesaurus
Etymology
Dated from the 14th century C.E. as Middle English collusioun, collusion; from Old French collusion, from Latin collusio (“act of colluding”).