by 21st Century Competition | May 7, 2014
Association that collects payments made by users of intellectual property rights for the holders of such rights. For instance, a radio station, playing a record for which a record company holds a copy- right, has to pay a fee to a collecting society, which then...
by 21st Century Competition | May 7, 2014
Collusion refers to the coordination of firms’ competitive behaviour. The likely result of such coordination is that prices rise, output is restricted and the profits of the colluding companies are higher than they would otherwise be. Collusive behaviour does not...
