Tacit collusion is
A)collusion which is carried out without any explicit agreement among firms.
B)collusion about tacits, rather than strategy.
C)agreements which are sponsored by government.
D)similar to pure competition.

Question

Quizplus · Accepted Answer

Tacit collusion refers to coordination among firms without any overt agreement or communication. It occurs when firms in an industry can infer the likely actions of their rivals and adjust their behavior accordingly. Therefore, choice A is the best answer.

Tacit Collusion Is