Term:
Combination
Definition:
In the parlance of competition law and policy, the term combination refers to firms organized together to form a monopoly, cartel or agreement to raise or fix prices and restrict output in order to earn higher profits. This term has been interchangeably used with conspiracy and collusion as well.
Domain:
Finance
Source:
Glossary of Industrial Organisation Economics and Competition Law, compiled by R. S. Khemani and D. M. Shapiro, commissioned by the Directorate for Financial, Fiscal and Enterprise Affairs, OECD, 1993
