What is collusion exactly? I think it's when cooperation replaces competition in the market. Free markets, like everything, have pros and cons. The pros of a f

What is collusion exactly? I think it's when cooperation replaces competition in the market. Free markets, like everything, have pros and cons. The pros of a free market depend on competition. Some markets are so small that everyone in the market grows to trust each other and they find a mutually beneficial arrangement; they stop competing and there goes all the benefits of a free market while leaving all the cons. Did I miss anything? It reminds me of https://ncase.me/trust/ https://ncase.me/trust/ . Often it's a good thing to have trust in a group, the elimination of competition is good. But, again, the merits of a free market are based on the assumption that companies will compete, and to the extent this is not true, the benefits of free markets are undermined.