_____ is the unwritten or unspoken agreement through which firms limit _____.
A)A satisfying agreement;price increases
B)Tacit collusion;competition among themselves
C)Overt collusion;competition among rivals
D)A cartel;price changes

Question

Quizplus · Accepted Answer

Tacit collusion is the unwritten or unspoken agreement among firms to limit competition among themselves. This can include agreeing not to lower prices or not to pursue certain markets, among other tactics. It is often used to maintain higher profit margins and avoid intense price competition.

_____ Is the Unwritten or Unspoken Agreement Through Which Firms