AnyLearn Backgroung
0
Tacit collusion occurs when firms in an industry, without explicit agreements, indirectly coordinate actions to achieve outcomes similar to those of a collusive arrangement. This often results in higher prices and less competition, as firms keenly observe and mirror each other's pricing and output strategies.
Relevant Degrees
History Empty State Icon

Your Lessons

Your lessons will appear here when you're logged in.

All content generated by artificial intelligence. Do not rely on as advice of any kind. Accuracy not guaranteed.

Privacy policy | Terms of Use

Copyright © 2024 AnyLearn.ai All rights reserved

Feedback?