cooperation

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cooperation

the process whereby businesses seek to coordinate their pricing and output policies rather than compete with one another in order to secure higher profits. See OLIGOPOLY, COLLUSION, CARTEL.
the process whereby individuals coordinate their work in GROUPS.

cooperation

1the process whereby FIRMS seek to coordinate their pricing and output policies rather than compete with one another in order to achieve JOINT-PROFIT MAXIMIZATION. See MUTUAL INTERDEPENDENCE, OLIGOPOLY.
the process whereby individuals coordinate their work in TEAMS.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

References in periodicals archive ?

The CMEV observes that it is important that Rajapaksa who aspires to be the seventh executive President of Sri Lanka to refute these allegations and co-operate fully with all investigations.

Gota asked to cooperate with investigation

Ben Morgan, a partner at the law firm Freshfields, said: "While there will be some businesses that will not want to co-operate with the SFO, it does have a customer base of companies that do want options in how they control their corporate criminal risk.

Firms told to go 'above and beyond' law to co-operate with fraud office

'Also, my obligation as mandated by the board to co-operate with the authorities takes precedence over following the instructions of the MCA president with blind loyalty,' he said.

Kojadi chairman claims suspended from board for not being blindly loyal to MCA president

Most of Catalonia's mayors have said they would co-operate with the referendum.

Spain's hard line in Catalonia row; WORLD BULLETINS

Under cross examination it was put to Donnelly, from Iniscarn Road in the city, that he had refused to co-operate with officers.

Councillor cleared over police phone search claims

FORMER Eggheads star CJ de Mooi will "continue to co-operate with the Dutch authorities" after a failed attempt to extradite him to the Netherlands over an alleged killing.

Ex-Egghead won't be extradited

He needs to practice what he accuses the others of and co-operate with the other five, putting his own differences aside and accepting that someone else may become leader, like Wirral council leader Phil Davies.

Two-way street; Email:letters@liverpoolecho.co.ukYou Say

The parliament is keen to co-operate with the government in discussing the state budget for the fiscal years 2015-2016.

Al Mulla vows to seek budget deal

Saudi Electricty Company has signed a number of deals with Korean firms to co-operate on power projects, including nuclear power.

South Koreans eye Saudi nuclear sector

The man, who owns a pub in the Dhekelia area, has locked himself in the establishment and is refusing to co-operate with police.

Man shoots ex, threatens to kill himself

Bolt said: "It is sending a bad message to the sport that if you co-operate with us we'll reduce the sentence.