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What is unwritten or unspoken understandings through which firms collude to restrict competition called?
Tacit collusion
What is the difference between cartel and collusion?
A cartel is a formal agreement between companies to control the price of a commodity or product etc - like OPEC. Tacit collusion occurs when companies make an informal agreement to fix prices (i.e. they do this without letting their competitors or official bodies know). Your confusion might arise from the fact that members of a Cartel (an officially organised group) can still engage in unofficial agreements (tacit collusion), although it is usually firms outside a cartel who do this
Use tacit in a sentence?
Under some conditions, a person's silence after a statement is made gives rise to a legal inference that the person who remained silent gave the statement tacit approval.
What is tacit technology?
tacit
What part of speech is tacit?
The word "tacit" is an adjective.
What is a synonym for intangible?
tacit tacit
How do you tacit on a clarinet?
Tacit means you don't play.
What is shared monopoly?
Shared or Joint monopoly refers to anticompetitive behaviour by firms, normally an oligopoly, in order to secure monopoly profits for the firms as a group. Essentially, shared monopoly requires some form of collusion but stops short of being a formal cartel. It is therefore similar to tacit collusion. In a shared monopoly firms may not compete for the same customers and have instead local monopolies.
When was Collusion - EP - created?
Collusion - EP - was created in 2005.
When did Baseball collusion happen?
Baseball collusion happened in 1986.
When was Tacit Software created?
Tacit Software was created in 1997.
What is a good sentence using the word tacit?
I did that with his tacit approval.
