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Rita copies Sam's book, Two for the Show, in its entirety and sells it to USA Books, Inc., without Sam's permission. USA publishes it under Rita's name. This 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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