What Is the Difference Between Explicit Collusion and Implicit Collusion

question 107

Essay

What is the difference between explicit collusion and implicit collusion?

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Definitions:

360-Day Year

A financial concept that simplifies the calculation of interest over periods when the actual number of days in a year is considered to be 360.

Commission

A fee or percentage of a transaction paid to an agent or employee for facilitating or completing a sale.

Accrued Interest

Interest that has accumulated but remains unpaid.

360-Day Year

A financial convention that simplifies interest calculation by assuming a year has 360 days.