Coaxial cable, or coax (pronounced / Ë k oÊ. Ã¦ k s /), is a type of electrical cable that has an inner conductor surrounded by a tubular insulating layer, surrounded by a tubular conducting shield.
DEFINITION of 'Bid Rigging'. A scheme in which businesses collude so that a competing business can secure a contract for goods or services at a pre-determined price.Bid rigging stifles free-market competition, as the rigged price will be unfairly high. The Sherman Act of 1890 makes bid rigging illegal under U.S. antitrust law. scheme in which businesses collude so that a competing business can secure a contract for goods or services at a pre-determined price. Bid rigging stifles free-market competition, as the rigged price will be unfairly high.
Price fixing and bid rigging occur when competitors agree to set prices for goods or services. An effective agreement among sellers results in prices that are artificially high.Artificially high prices can damage government or business buyers.Buyers lose the ability to get the best price that results when there is competition among sellers. The District of Columbia has competition laws that, like federal laws, prohibit price fixing and bid rigging, along with other anticompetitive behavior.uyers lose the ability to get the best price that results when there is competition among sellers. The District of Columbia has competition laws that, like federal laws, prohibit price fixing and bid rigging, along with other anticompetitive behavior.