Examlex
Why did Assyria advance slowly before the thirteenth century B.C.E.?
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.
Duopolists
Firms or entities within an oligopoly that specifically consist of only two producers or sellers in the market.
Collusion
A secret agreement or cooperation between parties, often competitors, to deceive or defraud others, typically in the context of fixing prices or manipulating market outcomes.
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