Global Business Strategy Assignment, MUM, Malaysia Aggressive competition among competitors in one industry may lead to a lose-lose situation which in the long run jeopardizes
Aggressive competition among competitors in one industry may lead to a lose-lose situation which in the long run jeopardizes the whole industry. In this situation, the competing firms may decide to engage in collusion. Collusion is defined as collective attempts to reduce competition in a particular industry. OPEC is an example of explicit collusion. The …