Economics A-Level
Tacit collusion
What Tacit collusion means in Economics A-Level, as defined for AQA.
Definition of Tacit collusion
Check what you remember
Read the wording for your board, then hide it and explain Tacit collusion in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
An unspoken arrangement where firms follow a price leader without formal agreement.
Topics that use Tacit collusion
- Oligopoly (AQA A-Level)
Related terms
- Barriers to entry
- Cartel
- Cartels
- Collusion
- Concentration ratio
- Concentration ratios
- Cooperation
- Dynamic efficiency
Using Tacit collusion in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics A-Level termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge