Examlex
A user complains their optical drive will not play Blu-ray disks, even though DVDs play fine. What is most likely the issue?
Tacit Understanding
An implicit agreement or understanding that is not formally expressed or written, but is assumed to be shared among the parties involved.
Informal Collusion
A scenario where businesses unofficially agree to certain practices, such as price-setting or market-sharing, without formal agreement, often to reduce competition.
Cartel
A cartel refers to an association of independent businesses or countries that collaborate to manipulate prices and limit competition for certain goods or services.
Cartel
An agreement between competing firms to control prices or exclude entry of a new competitor in a market, usually to increase market power and profits.
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