单词 | tacit collusion |
释义 | tacit collusionDefinition Circumstance where two companies agree upon a certain strategy without putting it in writing or spelling out the strategy explicitly. Use 'tacit collusion' in a SentenceThe two senior executives met over drinks and lunch and came to a gentleman's agreement that would lead to tacit collusion. They knew they couldn't put it in writing, but they were excited about the new possibilities. Two companies may use a tacit collusion to develop a product without gathering social and media attention, or employees leaking out details. The tacit collusion accusation was made because the two companies continued to raise their prices slowly but surely this year. |
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