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Simple English definitions for legal terms

tacit collusion

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A quick definition of tacit collusion:

Term: Tacit Collusion

Definition: Tacit collusion is when two or more businesses in a concentrated market intentionally engage in monopolistic conduct. This means they work together to control prices and limit competition. It is also known as oligopolistic price coordination or conscious parallelism. It is illegal under antitrust laws because it harms consumers by reducing choices and increasing prices.

A more thorough explanation:

Definition: Tacit collusion, also known as conscious parallelism, is when two or more businesses in a concentrated market intentionally engage in monopolistic conduct. This can include oligopolistic price coordination.

Examples: An example of tacit collusion could be two gas stations in a small town consistently pricing their gasoline at the same rate, even though they are not communicating with each other. Another example could be two airlines offering the same prices for flights on the same route, even though they are not working together.

Explanation: In both examples, the businesses are engaging in similar pricing strategies without directly communicating with each other. This can create an environment where competition is limited, and prices remain high. This behavior can be illegal under antitrust laws, as it can harm consumers and limit their choices.

tacit admission | tacit contract

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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