Collusion involves seeking to prejudice a third party or achieve an improper purpose, often by secret agreement, that is typically punishable as conspiracy.
Price-fixing is an illegal activity under federal antitrust laws in the United States. It occurs when competing businesses agree, collude, or conspire to set or maintain the price of a commodity or service, rather than allowing market forces to determine price. The purpose and effect of price-fixing are to manipulate prices in a way that eliminates competition and harms consumers by maintaining higher prices or controlling the supply of goods or services in interstate commerce.
