Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

conscious parallelism

Read a random definition: joint enterprise

A quick definition of conscious parallelism:

Conscious parallelism is when businesses change their prices to match their competitors without talking to them. This is different from price-fixing, which is illegal. Conscious parallelism is not illegal on its own, but it can still have bad effects on customers. For example, if all shipping companies raise their prices after the U.S. Postal Service does, customers will have to pay more for shipping. Even though businesses can do this without breaking the law, if there is other evidence that they are working together, they can still get in trouble.

A more thorough explanation:

Definition: Conscious parallelism is when businesses change their prices to match those of their competitors in a market without communicating or colluding with them. This is different from price-fixing, which involves an agreement between competitors and is illegal. Conscious parallelism is not illegal on its own, but it can have harmful effects similar to price-fixing.

For example, if all the shipping companies increase their package rates by 15% after the U.S. Postal Service does so, without ever speaking with employees of the Postal Service, this would be an example of conscious parallelism.

Businesses in very competitive markets, such as airlines, often engage in conscious parallelism to stay profitable. However, critics argue that this behavior can lead to higher prices for consumers and reduced competition in the market.

It's important to note that while conscious parallelism is not illegal on its own, other evidence in combination with conscious parallelism can lead to a charge of collusion.

conscientious objector | conscripting children

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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
LSD+ is ad-free, with DMs, discounts, case briefs & more.