And speaking of the red carpet, who makes sure the nominees get their moment in front of the cameras without pop-star gridlock? Red carpet coordinator Sara Labb, above, is just one of a veritable army of pros on the Grammys crew who make the awards show work. Follow live coverage of the Grammys as it happens>>. We captured many of them preparing for the show in the days before Monday's airtime.
Collusive Bidding Schemes. Collusive bidding refers to agreements by contractors or suppliers in a particular trade or area to cooperate to defeat the competitive bidding process in order to inflate prices to artificially high levels. It can occur in large and small contracts.
Example 1: Collaborating Oligopolies. 1  When two or more oligopolies agree to fix prices or take part in anti-competitive behavior, they form a collusive oligopoly. 2  A formal agreement is a cartel and is generally illegal. 3  In an informal agreement, the firms behave as a monopoly and choose the price that maximizes output.