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 without any formal contract or agreement. It involves firms cooperating with each other by adopting similar pricing strategies or avoiding aggressive marketing tactics. This type of collusion is not explicitly discussed but can be inferred from the behavior of the firms involved. Satisfying refers to a decision-making process where a consumer chooses an option that is good enough to meet their needs rather than searching for the best option available. Overt collusion refers to a clear and explicit agreement between firms to limit competition, often through price-fixing or production quotas. A cartel is a formal agreement between firms to control production and pricing in a particular industry.

An Unwritten, Unspoken Agreement Through Which Firms Limit Competition Among