An unwritten,unspoken agreement through which firms limit competition among themselves is called:

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Tacit collusion refers to an informal agreement among firms to limit competition among themselves without any formal agreement or communication. It may involve the sharing of market information or the adoption of pricing strategies that can benefit all the firms in the market. Unlike overt collusion or cartels, tacit collusion is difficult to prove and is often illegal. Satisfying refers to the concept that consumers will purchase a product that meets their basic needs and expectations. Overt collusion refers to a formal agreement among firms to limit competition, while a cartel is a specific type of collusion where members agree to set prices or production levels to maximize profits.

An Unwritten,unspoken Agreement Through Which Firms Limit Competition Among Themselves