The Dango describes

A) covert collusion in the Japanese construction industry.
B) a Korean business arrangement whereby only firms with insider connections may enter an industry.
C) a bribe paid by colluding business firms to get government contracts in Asia.
D) the price set by the price leader in Eastern European oligopolies.

Dango

A Japanese term referring to informal gatherings or consortia where companies collude, often used in the context of bid-rigging.

Covert Collusion

A secret agreement between companies to engage in practices like price-fixing or market sharing, which are typically illegal and aim to reduce competition.

Japanese Construction Industry

A significant sector in Japan, known for its innovative construction techniques, earthquake-resistant buildings, and contribution to national GDP.