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The energy equivalent of O2 is
Tacit Collusion
A situation where businesses indirectly coordinate actions without explicit agreement, often leading to market prices above competitive levels.
Few Firms
A market situation typically characterized by an oligopoly, where a small number of companies possess the majority of market share.
Tacit Collusion
An unwritten, unspoken understanding among competitors to set prices or production levels to avoid direct competition.
Formal Agreement
A legally binding contract or arrangement between two or more parties, often documented and enforceable by law.
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