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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?
Tacit is an adjective.
What is a synonym for intangible?
tacit tacit
What was the collusion?
Collusion refers to a secret agreement or cooperation between parties to achieve a deceitful or illegal objective, often to manipulate markets, undermine competition, or evade regulations. It typically involves actions such as price-fixing, bid-rigging, or sharing sensitive information to gain an unfair advantage. Collusion is considered unethical and is often subject to legal penalties in many jurisdictions. Examples include corporate collusion in antitrust cases or political collusion during elections.
How do you tacit on a clarinet?
Tacit means you don't play.
What is the partial collusion?
Partial collusion refers to a situation where two or more parties coordinate their actions to achieve mutual benefits while still competing in certain aspects of their business. Unlike full collusion, where companies agree to eliminate competition entirely, partial collusion allows for some degree of rivalry, such as maintaining competitive pricing in specific markets while collaborating in others. This strategy can help firms maximize profits while reducing the risks of legal repercussions associated with outright collusion.
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.
What is Tacit Software's population?
The population of Tacit Software is 30.
When was Tacit Software created?
Tacit Software was created in 1997.
